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;
[tex]Slope, \;m = \frac{Change \; in \; y \;axis}{Change \; in \; x \;axis} \\\\Slope, \;m = \frac{y_2 - y_1}{x_2 - x_1}[/tex]
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: https://brainly.com/question/3493733
