A Budget Is Not Intended to Help You Determine

question 44

Multiple Choice

A budget is not intended to help you determine

• A) how much money you will have at the end of each month.
• B) a plan for spending all of your income on current needs.
• C) how much you can allocate for the future.
• D) how to prevent excessive spending to achieve financial goals.

---

Definitions:

Inelastic Portion

Part of the demand curve where the quantity demanded changes minimally in response to price changes.

Marginal Revenue

The additional income gained from selling one more unit of a product or service.

Inelastic Portion

A segment of the demand curve where consumers are relatively unresponsive to price changes, indicating a demand elasticity of less than one.

Marginal Revenue

The additional income earned from selling one more unit of a product or service.