What is the slope of the income band if þ is on the x-axis

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Reference no: EM133665970

Problem

A consumer with income Y can choose to spend it on product Þ and Æ.

Their price is: PÞ = 27 and PÆ = 10
Now the price of Þ is reduced by 20%

What is the slope of the income band if Þ is on the x-axis?

Reference no: EM133665970

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