Write a budget line equation of a consumer if the two goods purchased

1.	Write a budget line equation of a consumer if the two goods purchased by the consumer, Good X and Good Y are priced at ₹ 10 and ₹ 5 respectively and the consumer’s income is ₹ 100.
Answer» Budget line equation may be expressed as under : PX + PY = M where P = Price X = Good X units Y = Good Y units M = Consumer’s income 10X +57= 100

Write a budget line equation of a consumer if the two goods purchased by the consumer, Good X and Good Y are priced at ₹ 10 and ₹ 5 respectively and the consumer’s income is ₹ 100.

Answer»

Budget line equation may be expressed as under :

PX + PY = M

where P = Price

X = Good X units

Y = Good Y units

M = Consumer’s income

10X +57= 100

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Write a budget line equation of a consumer if the two goods purchased by the consumer, Good X and Good Y are priced at ₹ 10 and ₹ 5 respectively and the consumer’s income is ₹ 100.

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