Multiple Choice
When the indifference curve is tangent to the budget constraint,
A) a consumer cannot be made better off without an increase in her income or a price decrease in one of the goods she consumes.
B) the consumer is likely to be at a sub-optimal level of consumption.
C) income is at its optimum for a consumer.
D) indifference curves are likely to intersect.
Correct Answer:

Verified
Correct Answer:
Verified
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