Multiple Choice
In an indifference curve/budget line diagram,at the consumer equilibrium the slope of the budget line
A) equals the slope of the indifference curve.
B) is greater than the slope of the indifference curve.
C) is less than the slope of the indifference curve.
D) may be greater than, equal to, or less than the slope of the indifference curve.
E) has nothing to do with the equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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