what is price line or budget line?
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Answer:
Budget line
Explanation:
Budget Line.The Budget Line, also called as Budget Constraint shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.
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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 .
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