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प्रश्न
The slope of price line (in case of commodities X and Y) is given by ______.
पर्याय
Taste and preferences of consumer
Prices of both the commodities
Price of commodity X alone
Price of commodity Y alone
MCQ
रिकाम्या जागा भरा
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उत्तर
The slope of price line (in case of commodities X and Y) is given by Prices of both the commodities.
Explanation:
The slope of a price or budget line is determined by the ratio of the prices of the two goods. It is not determined by preferences or by just one price.
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