# Budget line

Summary

Budget

- Budget constraint: The equation \(p_1x_1+p_2x_2≤m\)
- The equation of the budget line: The equation \(p_1x_1+p_2x_2=m\)
- Budget line: The set of all bundles satisfying \(p_1x_1+p_2x_2=m\)

- The budget line is a straight line sloping downwards .
- Budget set: The set of all bundles that satisfy the budget constraint