Question

explain the concept of consumers budget

Answer 1

Answer:

A consumer budget is the actual purchasing potential with which he or she can purchase a number of two goods, provided their prices. ... Given his or her fixed income and the cost of the 2 commodities, the customer can manage to purchase only those bundles which price her less than or equal to her earning.

Answer 2

Answer:

A consumer budget is the actual purchasing potential with which he or she can purchase a number of two goods, provided their prices. ... Given his or her fixed income and the cost of the 2 commodities, the customer can manage to purchase only those bundles which price her less than or equal to her earning.