Question

What is the ‘price line’?

NCERT Class XII
Economics - Introductory Microeconomics

Chapter 4. The Theory of the Firm under Perfect Competition

Answer 1

It is the combinations of two goods which can be purchased with money.

Answer 2

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Budget Line is a line showing different combination of two good which a consumer can attain when he spend his entire income on these goods ,and the market price of the good are known .