Consumers are able to select the prices that they pay for commodities.In this sense, a consumer has some control over the budget constraint he/she faces.

Question

Quizplus · Accepted Answer

Consumers can choose from the options available, but ultimately the market sets the prices for commodities. The consumer's control over their budget constraint comes from their ability to choose which commodities to purchase based on their preferences and available income.

Consumers Are Able to Select the Prices That They Pay