Consumer Choice and Budget Constraint Quiz

Combinations of goods and services the consumer can afford with a limited budget, at given prices (correct)

The total amount of money a consumer can spend on goods and services

Consumer preferences for goods and services

The quantity of goods and services a consumer can purchase

Having to pay for goods and services, and having limited funds to spend (correct)

Having unlimited resources to spend, and having no constraints

Having to save money for future purchases, and having to invest in goods and services

Having to choose between goods and services, and having unlimited funds to spend

Consumer preferences for goods and services

The total amount of money a consumer can spend on goods and services

The facts of having to pay for goods and services, and having limited funds to spend (correct)

The quantity of goods and services a consumer can purchase

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<p>Combinations of goods and services the consumer can afford with a limited budget, at given prices</p> Signup and view all the answers