Question

Name a time there was a change (higher or lower) in your budget for two goods. What were they? How did the change affect your consumption choices?

Answer 1

Answer and Explanation:

I went to the store to get wheat and a mat for myself. I thought I had sufficient money to purchase both the products but later on somehow I realized that the amount of money I had was lesser than required and was not what I though would be enough for the purchase of both the products.

Therefore, I had to compromise on my mat as as my choice of wheat could not be compromised as I needed food for myself.