The budget line is also known as:

CA Foundation · Business Economics · MTP · June 2024
The budget line is also known as:
(A) A. Production Possibility Curve
(B) B. Consumption Possibility Curve
(C) C. Iso Utility Curve
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Consumption Possibility Curve

Topics: Theory of Demand and Supply

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