Answer to Question #123034 in Microeconomics for Teboho

Question #123034
What is budget line
1
Expert's answer
2020-06-23T10:35:51-0400

A budget line is a straight line that slopes downwards and comprises of all the possible combinations of the two products which a consumer can buy at a given market price by allocating all his/her income. The budget line normally shows two products that the consumer is capable of purchasing.


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