Consumer Choice ETP Economics 101. Budget Constraint The budget constraint depicts the limit on the consumption “ bundles ” that a consumer can afford.
Chapter 3 Consumer Behavior. Chapter 3: Consumer BehaviorSlide 2 Consumer Behavior There are three steps involved in the study of consumer behavior. 1)
Principles of Economics Session 3. Topics To Be Discussed Consumer Preferences Budget Constraints Consumer Choice Marginal Utility Substitution.
Chapter 3: Consumer BehaviorSlide 1 Consumer Behavior There are 3 steps involved in studying consumer behavior. 1) Consumer preferences: describe how and.
