the equation of budget line is
Answers
Answered by
2
Answer:
which equation. tell me
Answered by
4
Answer:
Px / Py
Explanation:
The numerical slope of budget line is Px / Py which is equal to the ratio of the prices X and Y. Since the numerical slope of the line represents the line ratio , or the relative price of good X in terms of good Y. Therefore, this line is aslo called as the Price Line.
Similar questions