Q.
1

Statement II: The slope of the budget line is ratio of the prices of two goods and is the Marginal Rate of Substitution in exchange (MRSe)

  • A

    Statement I and II are correct.

  • B

    Statement I is correct, but II is incorrect.

  • C

    Statements I and II are incorrect.

  • D

    Statement I is not correct, but II is correct.