A consumer must decide between purchasing a new television or a new computer. What limited resource is responsible for this trade-off decision?(1 point)

Question

Responses

The consumer has a limited amount of money available for purchases.
The consumer has a limited amount of money available for purchases.

The consumer has a different benefit from each possible product.
The consumer has a different benefit from each possible product.

The producers have a limited number of televisions and computers.
The producers have a limited number of televisions and computers.

The profit the producers receive from each possible purchase.

Answer 1

The correct response is: The consumer has a limited amount of money available for purchases.

This limited financial resource is what forces the consumer to make a trade-off decision between purchasing a new television or a new computer.