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Question 201

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Use the following to answer questions:
Figure: Consumer Equilibrium III Use the following to answer questions: Figure: Consumer Equilibrium III -(Figure: Consumer Equilibrium III) Look at the figure Consumer Equilibrium III. The lowest level of total utility at which Ivan still spends all of his income is associated with point _____ on _____. A) A; I<sub>3</sub> B) C; I<sub>3</sub> C) E; I<sub>2</sub> D) B; I<sub>1</sub>
-(Figure: Consumer Equilibrium III) Look at the figure Consumer Equilibrium III. The lowest level of total utility at which Ivan still spends all of his income is associated with point _____ on _____.


A) A; I3
B) C; I3
C) E; I2
D) B; I1

Correct Answer:

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