A consumer wants to consumer two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line ?

-0.4

The correct answer is option (2) : -0.4

To find the slope of the budget line, we need to use the formula for the slope of a line in a two-dimensional space:

slope=-PX/PY​​

where:

• PX is the price of good X,
• PY is the price of good Y.

Given:

• Price of good X, $₹2$,
• Price of good Y, $₹5$.

So, the slope of the budget line is:

Slope=-2/5​

$-0.4$

Therefore, the slope of the budget line is: -0.4