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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 21: The Theory of Consumer Choice
  5. Question
    Explain the Relationship Between the Budget Constraint and Indifference Curve
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Explain the Relationship Between the Budget Constraint and Indifference Curve

Question 3

Question 3

Essay

Explain the relationship between the budget constraint and indifference curve at a consumer's optimum.

Correct Answer:

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