Multiple Choice
Consumer equilibrium occurs at:
A) any point of intersection between the budget line and an indifference curve.
B) a point of tangency between the budget line and an indifference curve.
C) the point where the slope of the indifference curve equals the ratio of the quantities.
D) a point where the budget line cuts the curve from below.
Correct Answer:
Verified
Correct Answer:
Verified
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