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differnce between budget set and budget line Related: High Order Thin...
Budget set
The collection of all bundles that the consumer can buy with his income at the prevailing market prices.
Budget line
Budget line shows the maximum possible combinations that a consumer can purchase by using his entire income.
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differnce between budget set and budget line Related: High Order Thinking Skills Questions - Chapter 1 - Introduction (Microeconomics, Class 12, Economics
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