The graph is not provided, therefore, I'll give you an overview on the topic.
- A budget constraint simply means all the combinations of the goods and services that can be bought by a consumer given that the current prices are within the income of the consumer.
- It should be noted that the concept of the budget constraint is used to analyze the choices that a consumer can be able to make.
- For example, if an individual has $100, the person must ensure that the goods that will be purchased will not be more than $100, this illustrates a budget constraint.
In conclusion, budget constraint leads to a limitation in the consumption patterns of an individual.
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