A budget constraint is:
A) a line that is composed of all the possible combinations of goods and services that maximize a consumer's total utility.
B) a line that is composed of the additional utility gained from consuming possible combinations of goods and services that a consumer can buy with his or her income.
C) a line that is composed of all the possible combinations of goods and services that a consumer can buy with his or her income.
D) a line that is composed of the total utility gained from consuming all possible combinations of goods and services that a consumer can buy with his or her income.
Correct Answer:
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