Question

Q19. The slope of consumer's budget line is:
a) Positive and constant
b) Negative and decreasing
c) Negative and constant
d) Positive and increasing​

Answer 1

The slope of the consumer's budget line is negative and decreasing.

What is the slope of the consumer's budget line?

• The difference in the ratio of prices between two goods let's say good 1 and good 2 is called the slope of the budget line.
• If we divide the prices of good 1 and good 2 and then draw their ratio on a coordinate system then we will get a slope.
• Such as the price of goods on the x-axis divided by the prices of other goods on the y-axis.
• Looking at the slope, we will get to know that the slope of the budget line is always downward and negative.

Learn more about

Explain what is meant by the Cartesian coordinate system.

https://brainly.in/question/29344028