Question

explain the budget line with the help of graph

Answer 1

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$\large\implies$Budget line (also known as budget constraint) is a schedule or a graph that shows a series of various combinations of two products that can be consumed at a given income and prices.

$\large\implies$Budget line is to consumers what a production possibilities curve is to producers.

Answer 2

Explanation:

Budget line is a graphicalrepresentation of all possible combinationsof two goods whichcan be purchased with given income and price such that the cost of this combinationis equal to the money income of the consumer