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Byju's Answer

Standard XII

Physics

Displacement in 1-D

Given the inc...

Question

Given the income of the consumer, the slope of the price line is determined by the __________.

Price of

X

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Price of

Y

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Ratio of prices of

X

and

Y

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none of the above

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Solution

The correct option is C Ratio of prices of $X$ and $Y$
The slope of price line is determined by the ratio of prices of both the commodities 'X' and 'Y'. It is the locus of all the bundles of 'X and Y' that can be bought with the given income of the consumer.

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Given the income of the consumer, the slope of the price line is determined by the __________.

The correct option is C Ratio of prices of X and YThe slope of price line is determined by the ratio of prices of both the commodities 'X' and 'Y'. It is the locus of all the bundles of 'X and Y' that can be bought with the given income of the consumer.

The correct option is C Ratio of prices of $X$ and $Y$
The slope of price line is determined by the ratio of prices of both the commodities 'X' and 'Y'. It is the locus of all the bundles of 'X and Y' that can be bought with the given income of the consumer.