Answer:
A graphical depiction of the various combinations of two selected products that a consumer can afford at specified prices for the products given their particular income level. When a typical business is analyzing a two product budget line, the amounts of the first product are plotted on the horizontal x-axis and the amounts of the second product are plotted on the vertical y-axis. Algebraically, a budget line is represented as follows. \[{{P}_{1}}{{x}_{1}}+{{P}_{2}}{{x}_{2}}=M\] Where, \[{{P}_{1}}{{x}_{1}}\]represents the amount spent on good 1 \[{{P}_{2}}{{x}_{2}}\] represents the amount spent on good 2 M represents the income of the consumer
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