Question

The ratio of the price of two goods on a graphed budget line is measured by its.

Answer 1

In Mathematics, the ratio of the price of two (2) goods that is represented on a graphed budget line is measured by its: slope.

What is a graph?

A graph is a statistical tool that is primarily used for the graphical representation of data by using both the horizontal and vertical lines, which are denoted as x-axis and y-axis respectively.

What is slope?

The slope of a line can be defined as the gradient of a line and it's typically used to describe both the ratio, direction and steepness of an equation of a straight line.

Mathematically, the slope of a line is given by the following formula;

$Slope, \;m = \frac{Change \; in \; y \;axis}{Change \; in \; x \;axis} \\\\Slope, \;m = \frac{y_2 - y_1}{x_2 - x_1}$

In conclusion, the ratio of the price of two (2) goods that is represented on a graphed budget line is measured by its slope.

Read more on slope here: brainly.com/question/3493733