What is the restriction that a consumer's total expenditure on goods and services purchased cannot exceed the income available?
A)Maximising behaviour.
B)Economising behaviour.
C)The price constraint.
D)The budget constraint.

Question

Quizplus · Accepted Answer

The restriction mentioned in the question is known as the budget constraint. This means that a consumer's total expenditure cannot exceed their available income. Therefore, the correct answer is D. Maximising behaviour and economising behaviour are concepts related to consumer choice theory, but they are not directly related to the budget constraint. The price constraint is not a commonly used term in economics.

What Is the Restriction That a Consumer's Total Expenditure on Goods