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What is budget line

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What is budget line

Posted by Krishna Upadhayay 7 years ago

CBSE > Class 11 > Economics

2 answers

Sakshi Sharma ??️??️??️ 7 years ago

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.

Poorva Chopra 7 years ago

Budget line refers to the graphical representation of all possible combinations of two goods which a consumer can purchase given his income and prices such that the cost of each of these combinations is equal to the money income of the consumer

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