Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
Define budget line.
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Answer
Budget line is the locus of points that represent such bundles of only two goods the consumer consumes on which consumer’s expenditure is exactly equal to consumer’s income.
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