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Consumer Equilibrium Through Utility Analysis Free Doubts and Solutions

CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour

What does the slope of the price line indicate?

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CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour

What are the changes in the set of available bundles of goods resulting from changes in the consumer’s income?

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CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour

What is the derivation of the slope of the budget line?

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CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour

Draw a budget line on the basis of the following figures. A consumer’s budget is Rs. 40. She is buying good 1 and good 2. Price of good 1 is Rs 5 and of good 2 is 10 per unit.

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CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour

Explain the budget line through a diagram.

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CBSE - XII Commerce - Microeconomics - Theory of Consumer Behaviour

What is a budget set?

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