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Which of the Following Statements Is True? (I) Consumers Cannot

Question 136

Multiple Choice

Which of the following statements is true? (i) consumers cannot consume at points outside their budget constraint
(ii) optimising consumers spend half of their income on each of two goods
(iii) consumers can consume at points inside their budget constraint


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

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