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Meaning of budget line?
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Meaning of budget line?
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.
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Meaning of budget line?
Budget line is a line which shows all those combinations of two goods which a consumer can afford by using his entire monetry income on both the commodities.
Community Answer
Meaning of budget line?
It's the scope beyond which consumer can not afford to buy the commodities.
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Meaning of budget line?
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Meaning of budget line? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Meaning of budget line? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Meaning of budget line?.
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