Define slope of budget line.

1.	Define slope of budget line.
Answer» <html><body><p></p>Solution :This <a href="https://interviewquestions.tuteehub.com/tag/negative-570381" style="font-weight:bold;" target="_blank" title="Click to know more about NEGATIVE">NEGATIVE</a> relation between consumption quantities of two goods causes the <a href="https://interviewquestions.tuteehub.com/tag/budget-25496" style="font-weight:bold;" target="_blank" title="Click to know more about BUDGET">BUDGET</a> line to slope downwards. The slope of the budget line is the amount of good 2 given up to have <a href="https://interviewquestions.tuteehub.com/tag/one-585732" style="font-weight:bold;" target="_blank" title="Click to know more about ONE">ONE</a> more unit of good 1.</body></html>

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