Question

Define budget Line and its implication ​

Answer 1

Answer:

Budget line definition

The budget line is a graphical delineation of all possible combinations of the two commodities that can be bought with provided income and cost so that the price of each of these combinations is equivalent to the monetary earnings of the customer. ... The consumer's purchasing power (his/her income)

Explanation:

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Answer 2

Answer:

Hey mate,

Explanation:

The budget line is agraphical delineation of all possible combinations of the two commodities that can be bought with provided income and cost so that the price of each of these combinations is equivalent to the monetary earnings of the customer. ... The consumer's purchasing power (his/her income)

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