The bundles of budget set lie either on or below the budget line.

1.	The bundles of budget set lie either on or below the budget line.
Answer» <html><body><p><br/></p>Solution :Budget set <a href="https://interviewquestions.tuteehub.com/tag/include-11332" style="font-weight:bold;" target="_blank" title="Click to know more about INCLUDE">INCLUDE</a> all the <a href="https://interviewquestions.tuteehub.com/tag/possible-592355" style="font-weight:bold;" target="_blank" title="Click to know more about POSSIBLE">POSSIBLE</a> bundles which cost less than or equal to consumer's money income. Bundles <a href="https://interviewquestions.tuteehub.com/tag/costing-13313" style="font-weight:bold;" target="_blank" title="Click to know more about COSTING">COSTING</a> less than income <a href="https://interviewquestions.tuteehub.com/tag/lie-1073081" style="font-weight:bold;" target="_blank" title="Click to know more about LIE">LIE</a> below the budget <a href="https://interviewquestions.tuteehub.com/tag/line-1074199" style="font-weight:bold;" target="_blank" title="Click to know more about LINE">LINE</a> and bundles costing equal to income lie on the budget line.</body></html>

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