"A consumer wants to consume 2 goods. Prices of goods are Rs.4 and Rs.5 respectively
Channel: Doubtnut
Date: 2020-03-29

"A consumer wants to consume 2 goods. Prices of goods are Rs.4 and Rs.5 respectively The consumer\'s income is Rs.20 (i) Write down the equation of budget line.
 (ii)How much of good 1 can the consumer consume if she spends her entire income on that good? (iii) How much of good 2 can she consume if she spends her entire income on that good? (iv) What is slope of the budget line ?"