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Distinguish between budgetset and budgetline

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Distinguish between budgetset and budgetline

Posted by Lakshmi Lakshmi 7 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Yami Wadhwa 7 years, 8 months ago

Budget set: In the given income of a consumer, all the variety of goods that an individual can buy within his income is the budget set. Example variety of cosmetic or food products that a person can buy in his income Budget line: In a given income, all the bundles which cost equal to his income is the budget line. Such as his income is Rs 100 and he can buy 2 pack of good of Rs 100 exactly Read more on Brainly.in - https://brainly.in/question/984980#readmore

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