Examlex
How did Rajiv Gandhi's policies differ from those of his mother,Indira Gandhi?
Consumer's Budget Line
A graphical representation that shows all possible combinations of two goods that a consumer can purchase with a fixed budget.
Price Ratio
The relative price of one good or service compared to another, typically used in the analysis of consumer choice and budget allocation.
Good 1
Generally represents the first good or service in an economic model, used to analyze consumer behavior or market dynamics.
Slope Of Budget Line
The slope of a budget line represents the rate at which a consumer can trade one good for another while maintaining the same level of total expenditure.
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