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What is budget line?

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What is budget line?

Posted by Shubham Chauhan 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Sia ? 6 years, 4 months ago

Budget line is a graphical representation which shows all the possible combinations of the two goods that a consumer can buy with his given income and market prices of commodities. It is also called consumption possibility line.

Shubham Chauhan 6 years, 4 months ago

In 2 marks please

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