What is a budget line? Can I know about its features?
904 Views|Posted 9 years ago
Asked by Sharan Khaira
1 Answer
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Answered by
9 years ago
Budget line is a graphical representation of all possible combinations of two goods which can be purchased with given income and prices, such that the cost of each of these combination is equal to the money income of the consumer. Alternately, budget line is locus of different combinations of the tw
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