A budget constraint
A)represents the bundles of consumption that make a consumer equally happy.
B)refers to the limited amount of income available to consumers to spend on goods and services.
C)reflects the desire by consumers to increase their income.
D)shows the prices that a consumer chooses to pay for products he consumes.

Question

Quizplus · Accepted Answer

A budget constraint refers to the limited amount of income available to consumers to spend on goods and services.

A Budget Constraint