Question

What is budget line?​

Answer 1

Hey

A budget line also called as budget constraint shows all the combination of two commodities

That a consumer can afford to buy with a given income using all their available budget.

Hope it helps you

Answer 2

Budget line is the graphical representation of all possible combinations of two goods which can be purchased with the given income and prices .

Such that the cost of each of these

combinations is equal to the income of

the consumer .