Economy, asked by hariDey262, 1 year ago

What is budget line?

NCERT Class XII
Economics - Introductory Microeconomics

Chapter 2. Theory of Consumer Behaviour

Answers

Answered by sowmyasreemajj
7
Budget line is a graphical representation of all possible combination 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.
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