Economy, asked by mwrs71, 12 days ago

Differentiatebbetween Budget line from budget contraint

Answers

Answered by sanjitpardeshib
2

Answer:

Budget line represents those combinations of consumption bundles where the consumer ends up spending all his money income. ... On the other hand, Budget constraint implies that the total amount spent on two goods together should be less than or equal to his/her given income level.

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