If food is on the vertical axis and shelter on the horizontal axis, then the equation for the budget line can be expressed as

Question

Quizplus · Accepted Answer

The budget line equation is typically expressed as the sum of the products of the prices and quantities of goods equaling the total budget. Here, Ps and Pf are the prices of shelter and food, respectively, S and F are the quantities of shelter and food, and M is the total budget.

If Food Is on the Vertical Axis and Shelter on the Horizontal