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)
Correct Answer:

Verified
Correct Answer:
Verified
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