Theory of consumer behaviour — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 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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