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Explain the distinction between budget set …

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Explain the distinction between budget set and budget line .

    • Posted by Riddhi Vaishya 7 years, 6 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Suhani Dangarh 7 years, 6 months ago

    Budget set means all combination of goods which consumer can buy with his income either combination cost less than or equal to his income while budget line means all combination of goods which can be purchased with given income and cost exactly equal to income of consumer

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