Economy, asked by kavitaparmar2572, 7 months ago

Define budget equation
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Answers

Answered by yuvraj6864
1

Answer:

The budget line shows all the different combinations of the two commodities that a consumer can purchase, given his money income and the price of two commodities. The equation of a budgetline is given by: M=PX. QX+PY. QY.

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Answered by madhumitamondal0530
0

The budget line shows all the different combinations of the two commodities that a consumer can purchase, given his money income and the price of two commodities. The equation of a budget line is given by: M=PX. QX+PY.

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