Question

The budget line is also called as
constraint in
indifference curve analysis
*
O price
O demand
o
income
supply​

Answer 1

Answer:

A budget line shows combinations of two goods a consumer is able to consume, given a budget constraint. An indifference curve shows combinations of two goods that yield equal satisfaction. To maximize utility, a consumer chooses a combination of two goods at which an indifference curve is tangent to the budget line.