Question

write a short note on budget line​

Answer 1

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. Where, Px and Py are the prices of commodity X and Y and Qx, and Qy is their respective quantities.

Answer 2

Answer:

Definition: 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.