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What is the definition of budget line in economics?
A budget line is a line showing the alternative combinations of any two goods that a consumer can afford at given prices for the goods and a given level of income.
A word that means a group of persons moving along in an orderly line?
A group of persons moving along in an orderly line is a queue.
What is the definition of budget in economics?
A budget line is a line showing the alternative combinations of any two goods that a consumer can afford at given prices for the goods and a given level of income.
What is the Difference between a demand curve and a budget line?
demand curve shows quantities that the consumer is willing and able to buy at various prices in a given period of time,other things being equal. Whereas, a budget line is a graph showing all the possible combinations of two goods that can be purchased at given prices and for a given budget.
What is the line graph in which the data points do not fall along a straight line?
a line of best fit
When a body moving along a straight line is accelerating is it always increasing?
yes
What is the line or path along which something is moving pointing or aiming?
direction
A word meaning a group of persons moving along in an orderly line?
It is procession.
What is the definition of line integral?
It means that the integral is calculated along a given line, which may be curved.
How does moving a charge along an equipotential line affect its potential energy?
Moving a charge along an equipotential line does not affect its potential energy. This is because equipotential lines represent points of equal potential, so the potential energy of the charge remains constant along these lines.
The alternative combinations of two goods which a consumer can purchase with a given money income is shown by?
A budget line.
A change in the slope of a budget line is solely the result of a change in?
A change in the slope of a budget line is solely the result of a change in the consumer preference between two goods (A&B) given the cosumer's money income.
