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.
The budget of Oklahoma Department of Consumer Credit is 1,900,000 dollars.
The budget of Financial Consumer Agency of Canada is 10.7 dollars.
The budget of California Board of Accountancy is 11,739,568 dollars.
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monotonic preference means that a rational consumer always prefers more of a commodity as it offers him a higher level of satisfaction.
budget line shows purchasing power of an consumer but indifference curve show willingness of consumer for two commodities.
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Budget line helps the consumer to decide to purchase a particular combination that falls in his budget line although a different combination is more desirable as it will give more satisfaction level.
consumer preference
Consumer preference refers to listing alternatives based on several ratings until they result in a choice. Consumer taste refers to what consumers like to buy.
it is a scince