If the prices of goods change but your budget does not, your consumption choices generally do not change.

Name: If the prices of goods change but your budget does not, your consumption choices generally do not change.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the prices of goods change, it affects the relative affordability of those goods, potentially altering consumption choices even if your budget remains the same, as you may seek substitutes or adjust quantities purchased based on the new prices.

If the Prices of Goods Change but Your Budget Does