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Why budget line is a straight line? Explain.

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प्रश्न

Why budget line is a straight line? Explain.

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उत्तर

The slope of Budget line is represented by the Price Ratio. As Price Ratio is constant throughout, the budget line is a straight line.

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अध्याय 2: Consumer's Equilibrium - REVISION EXERCISE [पृष्ठ २.५७]

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संदीप गर्ग Introductory Microeconomics [English] Class 11
अध्याय 2 Consumer's Equilibrium
REVISION EXERCISE | Q 31. | पृष्ठ २.५७
संदीप गर्ग Introductory Microeconomics [English] Class 11
अध्याय 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 27. | पृष्ठ २.५५
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