Economy, asked by binalakra777, 3 months ago

of what is budget Line ? Derive the
Budget line of a consumer when prices
of the two commodities and income
of the consumer
given
answer.

Answers

Answered by AiSh123821
2

Answer:

In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income. Consumer theory uses the concepts of a budget constraint and a preference map to analyze consumer choices.

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