The amount of goods and services that a household can consume, given its income, is represented by a(n)

Question

The amount of goods and services that a household can consume, given its income, is represented ​by a(n)

Quizplus · Accepted Answer

The amount of goods and services that a household can consume, given its income, is represented by its budget line, which shows the different combinations of two goods that a household can purchase given its budget and the prices of the goods. The other options, such as indifference curves, demand curves, and supply curves, may be related to consumer behavior, but they do not explicitly represent a household's budget constraint.

The Amount of Goods and Services That a Household Can