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प्रश्न
State whether true or false:
A budget set is a collection of such bundles of goods that give same satisfaction.
सत्य या असत्य
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उत्तर
This statement is false.
Reason:
- A budget set consists of bundles that the consumer can afford at given prices and income.
- Bundles giving the same satisfaction are represented by an indifference curve.
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