Answer this please
Define Budget line.
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Budget line refers to the line showing different possible combination of two goods,which a consumer can buy ,given his budget and the price of both goods.Anywhere on the budget line ,a consumer is spending his entire income other on good -1 or on good -2 or on both goods.
Budget line refers to the line showing different possible combination of two goods,which a consumer can buy ,given his budget and the price of both goods.Anywhere on the budget line ,a consumer is spending his entire income other on good -1 or on good -2 or on both goods.
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Budget line refers to graphical presentation of different combination of two goods that can be purchased from given income
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