Question : The price line is equivalent to:
Option 1: Budget line
Option 2: Iso-cost line
Option 3: MR Curve under perfect competition
Option 4: PPC curve
Answer (1)
25th Jan, 2024
Correct Answer: Budget line
Solution :
The price line is equivalent to the budget line.
The budget line is also referred to as the price line, the price opportunity line, and the consumption possibility curve.
Hence ,the correct option is 1.
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