Multiple Choice
The restriction that a consumer's total expenditure on goods and services purchased cannot exceed the income available is referred to as
A) maximising behaviour.
B) economising behaviour.
C) the price constraint.
D) the budget constraint.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q94: Assume that you had a ticket for
Q97: Health clubs typically experience an increase in
Q101: Consider a downward-sloping demand curve.When the price
Q105: If Ewan is consuming his utility maximising
Q116: Economists have shown that when the ultimatum
Q160: An increase in income results in an
Q177: If your total satisfaction increases when you
Q219: The law of diminishing marginal utility states
Q220: All but one of the following have
Q291: The demand curve for corn is downward