Consumer Equilibrium Exists When the

question 15

Multiple Choice

Consumer equilibrium exists when the

• A)slope of the indifference curve is greater than the slope of the budget constraint.
• B)consumer is on his highest indifference curve.
• C)marginal rate of substitution equals the slope of the budget constraint.
• D)slope of the indifference curve equals the slope of the budget constraint.
• E)c and d

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