Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
What is the slope of budget line?
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Answer
The slope of budget line =$\frac{\text{Vertical ( Y-axis )intercept}}{\text{Horizontal (X-axis ) intercept}}$ =$\frac{\frac{\text{M}}{\text{P}_2}}{\frac{\text{M}}{\text{P}_1}}=\frac{\text{p}_1}{\text{p}_2}$.
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