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A budget line, or budget constraint, represents the combinations of two goods that a consumer can purchase given their income and the prices of the goods. It is typically downward sloping, reflecting the trade-off between the two goods—when more of one good is consumed, less of the other can be afforded. The slope of the budget line is determined by the relative prices of the goods. Changes in income or prices shift the budget line, affecting the consumer's purchasing options.

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