Multiple Choice
When the budget line is just tangent to the highest achievable indifference curve,then _____.
A) the consumer is in equilibrium
B) the consumer should purchase more of good X
C) the consumer should purchase more of good Y
D) the consumer cannot afford the combination represented by the tangency point
E) the consumer should purchase less of both goods
Correct Answer:

Verified
Correct Answer:
Verified
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