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प्रश्न
What does the point on the budget line indicate in terms of prices?
लघु उत्तर
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उत्तर
A point on it represents an affordable combination whose total cost equals income. Its slope reflects the price ratio; in absolute value, the price of the good on the horizontal axis divided by the price of the good on the vertical axis.
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पाठ 2: Consumer's Equilibrium - REVISION EXERCISE [पृष्ठ २.५८]
