Practicing Success
Read the following statements - Assertion (A) and Reasoning (R): |
Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is the correct explanation of Assertion (A). Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is not the correct explanation of Assertion (A). Assertion (A) is true but Reasoning (R) is false. Assertion (A) is false but Reasoning (R) is true. |
Assertion (A) is false but Reasoning (R) is true. |
Slope of budget line is\(\frac{ P(A)}{ P(B)}\), that is, price of good A divided by price of good B. Here, price of A is 10 and price of B is 20. Hence slope of budget line is \(\frac{ P(A)}{ P(B)}\)= \(\frac{10 }{ 20}\)= 0.5 |