Economy, asked by gangakvpattom2747, 10 months ago

What is the formula of budget line slope?

Answers

Answered by priyanshiojha51
1

In case of budget line, slope = PX/PY As change in income does not disturb the price ratio of the two commodities, the slope will not change and the budget line, after change in income will remain parallel to the original budget line.

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