Question:
According to the Theory of Consumer Behaviour, Inequality p1x1+p2x2\(≤\)M is called the Consumer's ___________ .
According to the Theory of Consumer Behaviour, Inequality p1x1+p2x2\(≤\)M is called the Consumer's ___________ .
Updated On: Oct 29, 2024
- Budget
- Budget Set
- Budget Constraint
- Budget Behavior
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The Correct Option is C
Solution and Explanation
This inequality represents the consumer’s budget constraint, showing the limits of what they can afford.
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