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Question
The consumer is in equilibrium at a point where the budget line.
The consumer is in equilibrium at a point where the budget line.
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Solution
The correct option is B Is tangent to an indifference curve
The consumer is in equilibrium at a point where the budget line is
tangent to an indifference curve, because it can not intersect the IC
either from above or below.
The consumer is in equilibrium at a point where the budget line is tangent to an indifference curve, because it can not intersect the IC either from above or below.
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