Question
Economics Question on Income and Expenditure Account
A consumer wants to consume two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line?
A
-0.5
B
-0.4
C
-5
D
-2
Answer
-0.4
Explanation
Solution
The correct option is (B) :-0.4