A budget constraint illustrates bundles that a consumer prefers equally, while an indifference curve illustrates bundles that are equally affordable to a consumer.

Name: A budget constraint illustrates bundles that a consumer prefers equally, while an indifference curve illustrates bundles that are equally affordable to a consumer.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

A budget constraint illustrates bundles that are equally affordable to a consumer, while an indifference curve illustrates bundles that a consumer prefers equally.

A Budget Constraint Illustrates Bundles That a Consumer Prefers Equally