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17 January, 16:43

A budget line shows the

a. quantities of consumption that maximizes marginal utility.

b. relationship between price and quantity demanded.

c. quantities of goods a buyer can purchase with given income and prices.

d. total utility a consumer realizes from consuming different quantities of a good.

e. the prices of the two goods a buyer can purchase.

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  1. 17 January, 16:46
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    Answer: A budget line shows the quantities of goods a buyer can purchase with given income and prices.

    Explanation: A budget line also known as a budget constraint can be defined as the value of exports to import (for a state) or the value of expenditure to income (for an individual).

    It basically explains the summary of intended expenditure with the capital and the prices.
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