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Consumer Equilibrium on an Indifference Map Is At

Question 35

Multiple Choice

Consumer equilibrium on an indifference map is at:


A) any intersection of the budget line and an indifference curve.
B) any point on the highest indifference curve shown on the indifference map.
C) that point where the budget line is tangent to an indifference curve.
D) any point inside the budget line.
E) any point on the budget line.

Correct Answer:

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