A line in commodity space which shows the constraints imposed by his budget, his money income and the price of goods purchased is
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Correct Answer: Option C
Explanation:
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.
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.