Question

21. What is price line?​

Answer 1

Answer:

A budget line or price line represents the various combinations of two goods which can be purchased with a given money income and assumed prices of goods". Given the assumed income and the price, of the two goods, the consumer can purchase various combination of goods or market combination of goods weekly.

Answer 2

Answer:

Price line is a line showing different combinations of two goods which a consumer can attain, given his income and market price of the goods.

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