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Budget set of a consumer is defined as:a)The collection of all bundles that the consumer can be buy with the given income at the prevailing market price.b)The collection of all bundles that exactly cost the given income of the consumer at prevailing market price.c)The collection of all bundles that the consumer desires to purchase.d)The collection of all bundles that lies on budget line.Correct answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Budget set of a consumer is defined as:a)The collection of all bundles that the consumer can be buy with the given income at the prevailing market price.b)The collection of all bundles that exactly cost the given income of the consumer at prevailing market price.c)The collection of all bundles that the consumer desires to purchase.d)The collection of all bundles that lies on budget line.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Budget set of a consumer is defined as:a)The collection of all bundles that the consumer can be buy with the given income at the prevailing market price.b)The collection of all bundles that exactly cost the given income of the consumer at prevailing market price.c)The collection of all bundles that the consumer desires to purchase.d)The collection of all bundles that lies on budget line.Correct answer is option 'A'. Can you explain this answer?.

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