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A budget line shows:

A. Price of commodity X in terms of Y

B. Price of commodity Y in term of X

C. Income of the consumer

D. All of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. In monopolistic competition, the individual demand curve is also known as:
  2. An iso-product (an isoquant) curve slopes:
  3. Under monopolistic competition, the firms compete alongwith:
  4. Demand is elastic when the coefficient of elasticity is:
  5. The real income of a consumer is income in terms of:
  6. A firms profit is equal to:
  7. In sweezy model (kinked demand curve model), the overall increase in costs of production:
  8. If price exceeds AVC but in smaller than AC at the best level of output, the firm is:
  9. Perfect competition implies:
  10. Normally when price per unit of time falls:
  11. The pay-off matrix shows:
  12. Identify the work of Irving Fisher:
  13. Identify the work of T.W.Schultz:
  14. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  15. In case of giffin good, price effect is:
  16. After reaching the saturation point consumption of additional units of the commodity cause:
  17. The firms in non-cooperative games:
  18. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  19. Law of Variable Proportions is regarding in:
  20. The number of sellers in oligopoly are:
  21. The optimum level of output in long run takes place where:
  22. The monopolist who is producing the same output from two (or more than two) plants is concerned with:
  23. If at the unchanged price, the demand for a commodity goes up, or the quantity demanded remains the…
  24. Who is the author of Trade Cycle ?
  25. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  26. An optimum level of a firms output is:
  27. The Strategy of Economic Development is the work of:
  28. Quantity demanded or supplied is measured in:
  29. In Prisoners Dillemma, the players are:
  30. The slope of the iso-cost line (budget line) is determined by: