A consumer has total money income of `500` to be spent on two goods x and y with prices of `50 and 10 `per unit, respectively. On the basis of the given information, answer the following questions:

A consumer has total money income of Rs.500 to be spent on two goods x and y with prices of Rs.50 and Rs.10 per unit respectively. On the basis of the given information, answer the following question : (a)Give the equation of the budget line for consumer. (b)What is the value of slope of the budget line ? (c )How many units can the consumer buy if he is to spend all his money income on good x ? (d) How does the budget line change if there is a 50% falls in price of good y ?

A consumer has total money income of Rs.250 to be spent on two goods X and Y with prices of Rs.25 and Rs.10 per unit respectively.On the basis of the given information , answer the following questions : (a) Given the equation of the budget line for the consumer. (b)What is the value of slope of the budget line ? (c )How many units can the consumer buy if he is to spend all his money income on good X ? (d)How does the budget line change if there is a fall in price of good Y ?