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A Consumer's Budget Constraint Is

Question 292

Multiple Choice
A consumer's budget constraint is

A consumer's budget constraint is


A) the limited income that a consumer has to spend on goods and services.
B) the rate at which the consumer must give up one good to purchase an additional unit of the other goods in the market.
C) the price ratio a consumer faces in the marketplace.
D) the extent to which one's preferences are limited by one's income.

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