In Terms of Indifference Curves, the Equilibrium-Purchase Combination Is Determined

Multiple Choice

In terms of indifference curves, the equilibrium-purchase combination is determined by the:

A) intersection of a budget line and an indifference curve.
B) tangency of a budget line and an indifference curve.
C) tangency of a price consumption curve and an income consumption curve.
D) intersection of an income consumption curve and a price consumption curve.