A budget constraint illustrates the

A) prices that a consumer chooses to pay for products he consumes.
B) purchases made by consumers.
C) consumption bundles that a consumer can afford.
D) consumption bundles that give a consumer equal satisfaction.

Budget Constraint

A concept in economics that represents all possible consumption combinations of goods and services a consumer can afford with a given income and prices.

Consumption Bundles

A combination of goods and services that an individual or household consumes over a given period.

Consumer

An individual or group who purchases goods and services for personal use.