Learning Contents:                                                              ·            Slope of Budget Line and Price Ratio ·          Properties of Budget Line ·          Understanding the slope of the budget line through a budget equation. Slope of Budget Line/Price Line As we have studied in previous topics that budget line shows the various combinations of two goods that consumer can afford to purchase when the price of two goods and the income is given.  In simple words, the slope of the budget line indicates the ratio of units sacrificed of good Y to acquire specific units of good X at a given market price is also known as market rate of exchange. (When expressing the slope of the budget line in terms of quantity)   Note: Slope of Budget line is also known as price ratio. Price Ratio When expressing it in terms of price, it is simply the ratio of the prices of two goods or the price of the good on the horizontal or X-axis divided by the price of the goo