Exhibit 6A-3 Consumer Equilibrium

question 3

Multiple Choice

Exhibit 6A-3 Consumer equilibrium
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-Given the budge line and indifference curves shown in Exhibit 6A-3, consumer equilibrium occurs at a tangency to which of the following indifference curves?

• A) I₁.
• B) I₂.
• C) I₃.
• D) I₁ or I₂.

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