Learning Contents:                                                              ·          Concept of Budget Set ·          Concept of Budget line &Budget Equation ·          Assumptions of Budget Line and Budget Equation ·          Budget line and Attainable and Non-attainable combinations Introduction: As studied earlier, a consumer prefers to be on a higher indifference curve than the lower ones as the former gives him more satisfaction than the latter. In the real-world, consumers’ spending decisions are bounded b...