What is the slope of the budget line for apples and bananas, Ask an Expert

Economics

Assume that a consumer has $12 in income and she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75.

What is the slope of the budget line for apples and bananas if apples were graphed on the horizontal axis and bananas were graphed on the vertical axis?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M964106

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