The budget line, also known as the budget constraint, exhibits all the combinations of two commodities that a customer can manage to afford at the provided market prices and within …

Budget line. A budget line shows the combination of goods that can be afforded with your current income. If an apple costs £1 and a banana £2, the above budget line shows all the …

Mar 13, 2023 · Simply put, a budget line is the locus of various combinations of two goods a consumer consumes and whose cost is equal to his income. Other names of Budget Line are …

Oct 19, 2018 · Definition: A budget line is a straight line that slopes downwards and consists of all the possible combinations of the two goods which a consumer can buy at a given market price …

A budget line refers to a downward-sloping straight line consisting of every possible combination of two commodities that a consumer can purchase at a certain market price by using the entire …

The budget line definition is held to be a straight line with a downward slope indicating the different combination of two commodities. These two commodities are purchased by a …

In a budget constraint, the quantity of one good is measured on the horizontal axis and the quantity of the other good is measured on the vertical axis. The budget constraint shows the …

Jan 17, 2021 · What is Budget Line? Budget line represents various combinations of two commodities, which can be purchased by a consumer at the given income level and market …

Apr 6, 2024 · A budget line, also known as a budget constraint, represents all the possible combinations of two goods or services that a consumer can purchase given their income level …

Jun 16, 2022 · Budget line is a line that shows the different combinations of two goods that a consumer can attain given his income and market price of the goods. Budget set is a set of …