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What is Budget line

Budget line: This refers to all combinations of goods that a consumer can purchase with his whole income and price of two goods.

   Related Questions in Microeconomics

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  • Q : Demand curve when taxes shifted forward

    Taxes will be shifted forward completely when supply is positively sloped as well as the demand curve is, there contrary to economic reasoning: (1) perfectly inelastic. (2) perfectly elastic. (3) unitarily elastic. (4) flatter than supply.

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  • Q : Negatively sloped market power The

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