Question

Describe a situation in which your budget was constrained and describe how your purchasing decisions would have been different if you had a higher budget.
Apex economic

Answer 1

One situation where you may make a different purchasing decision with a limited budget is snacks.

With a limited budget you may only purchase a small bag of potato chips. If you had a larger budget you would have purchased a can of Pringles potato chips and a drink. Your limited budget resulted in a smaller purchase than you would have made with a higher budget.