Homework Answers
A Budget Line is an economic model which depicts the possible scenario of goods and services that we can purchase at a given fixed time
Budget lines are basically drawn as Quantity of good one Horizontal axis and the quantity of the good on the other vertical axis hence option A is the correct answer.
Option B is false since it cannot be Quantity and price on the axis.
Option C is also false since on both axis it's price.
Option D again is false since it's price and quantity.
Hence Option A is the correct answer,
examples for understanding: Packets of Tea in Vertical Axis, Packets of Coffee in Horizontal Axis.
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