Economy, asked by raj60754, 10 months ago

what is the slope of the budget line ???

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Answered by Avni2348

the slope of the budget Line Show the price ratio between gold 1 and good 2

Answered by Anonymous

BUDGET LINES REFERS TO THE COMBINATION OF TWO GOODS SHOWING SAME LEVEL OF SATISFACTION WITH THE GIVEN MONEY INCOME & PRICE OF THE GOODS.

THE SLOPE OF BUDGET LINE IS TANGENT TO THE INDIFFERENCE CURVE & SLOPES DOWNWARDS .

IN THE ABOVE DIAGRAM "PL" REPRESENTS THE SLOPE OF BUDGET LINE.

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what is the slope of the budget line ???​

Answers

what is the slope of the budget line ???