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Select the True Statements That Follow

Question 97

Multiple Choice

Select the true statements that follow.When the indifference curve is tangent to the budget constraint, a consumer:
(i) cannot be made better off without increasing his or her income
(ii) is consuming the best combination of two goods that are attainable
(iii) must be on a linear indifference curve


A) (i) only
B) (i) and (ii)
C) (i) and (iii)
D) (ii) and (iii) .

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