The budget line shows all the combinations of two products that the consumer can buy, given money income and product prices.

Name: The budget line shows all the combinations of two products that the consumer can buy, given money income and product prices.
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Question

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The budget line represents all the combinations of two goods or services that a consumer can purchase given their income and the prices of the goods, illustrating the trade-offs and choices available within their budget constraints.

The Budget Line Shows All the Combinations of Two Products