What is a budget constraint? a. it is the limited amount of income available to consumers to spend on goods and services. b. it is the amount of utility that a consumer receives from spending a limited amount of income on goods and services. c. it is the amount of income that yields equal marginal utility per dollar spent. d. it is the amount of money necessary

b

Explanation:

In general, the budget set (all bundle choices that are on or below the budget line) represents all possible bundles of goods an individual can afford given their income and the prices of goods. When behaving rationally, an individual consumer should choose to consume goods at the point where the most preferred available indifference curve on his preference map is tangent to his budget constraint.

answer; ( prices are sticky);