A consumer's budget refers to the ________.
A) wealth the consumer has acquired over time
B) average prices of the goods and services bought by the consumer
C) amount of money the consumer can spend on various goods and services
D) difference between the consumer's willingness to pay for goods and services and the amount actually paid.

Question

Quizplus · Accepted Answer

A consumer's budget refers to the amount of money the consumer can spend on various goods and services. It is not about the consumer's wealth, average prices of goods and services, or the difference between willingness to pay and actual amount paid.

A Consumer's Budget Refers to the ________