Three vectors 
, 
,and 
have the following x and y components: 
The magnitude of the resultant of 
, 
,and 
is
Definitions:
Budget Constraint
The limits imposed on household or individual choices by income, wealth, and product prices, dictating the combination of goods and services that can be purchased.
Price
The cost associated with acquiring a good, service, or asset.
Income Decreases
A situation where an individual's or household's earnings fall over a period, affecting their purchasing power and standard of living.
Choice Set
The collection of options or alternatives from which a decision-maker is able to choose in a decision-making process.
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