Explain budget line equation and budget …
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Posted by Cbse Student 7 years ago
- 2 answers
Yogita Ingle 7 years ago
Budget Line or Price Line This line is showing different combinations of two goods which a consumer can attain at given income and market price of the goods.
Equation of Budget Line, M = Px Qx + Py Qy Where, M = Market
Px = Price of Good x, Py = Price of Good y
Qx = Quantity of Good y, Qy = Quantity of Good y
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Cbse Student 7 years ago
0Thank You