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budget set and budget line

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budget set and budget line

Posted by Pratima Sony 5 years, 10 months ago

CBSE > Class 11 > Economics

1 answers

Maheshwari Mansi 5 years, 9 months ago

budget line is a graphical representation of all possible combinations of two goods which can be produced with given income and prices.budget set is a set of all possible combination of two goods which a producer can afford given his income and prices in the market

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