Economy, asked by swarnadeerath, 1 year ago

explain the properties of budget line

Answers

Answered by rs12467
0
Definition: The Budget Line, also called as Budget Constraint shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.
Answered by abhishek46024
0
In order to explain consumer’s equilibrium there is also the need for introducing into the indifference curve analysis the budget line which represents the prices
plz give me brinalist
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