Gkseries.com

The consumer is in equilibrium at a point where the budget line

The consumer is in equilibrium at a point where the budget line

Q.        The consumer is in equilibrium at a point where the budget line:

A.           Is above an indifference curve         

B.            Is below an indifference curve

C.            Is tangent to an indifference curve

D.           Cuts an indifference curve

Answer: Is tangent to an indifference curve

Exit mobile version