Question

what is consumers budget​

Answer 1

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:

Explanation:

A consumer budget is the real purchasing power with which he can purchase quantities of two goods, given their prices. There are two factors that affect a consumer’s choice of quantities to purchase between two goods: prices and money income. Price times quantity for each good gives us the expenditure incurred on purchasing a good.

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