Which of the following factors is NOT one of the determinants of a household's budget constraint?

Name: Which of the following factors is NOT one of the determinants of a household's budget constraint?
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Question

Quizplus · Accepted Answer

Consumer's preferences determine the consumer's willingness to pay for goods and services, but do not directly determine the household's budget constraint. The budget constraint is determined by the household's income, wealth, and the prices of goods and services in the market.

Which of the Following Factors Is NOT One of the Determinants