Question

Find out economic terms Bundles that are on or below the budget line A group of indifference
curve.

Answer 1

Answer:

What is budget line in economics?

Budget line is a graphical representation of all possible combinations of two goods which can be purchased with given income and prices, such that the cost of each of these combinations is equal to the money income of the consumer.

Explanation:

Hope that helps you a lot dear

Answer 2

Explanation:

1. Bundles that are on or below the budget line.

2. Consumer prefers the bundle which has more of the goods compared to the other bundle.

3. A group of indifference curves