Illustrate what is the slope of the budget line for apples

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Reference no: EM1355229

Assume that a consumer has $12 in income and she can buy only two goods, apples or bananas. The price of an apple is $1.50 and the price of a banana is $0.75.

Illustrate what is the slope of the budget line for apples and bananas if apples were graphed on the horizontal axis and bananas were graphed on the vertical axis?

Reference no: EM1355229

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