In Terms of Indifference Curves, the Equilibrium-Purchase Combination Is Determined

question 94

Multiple Choice

In terms of indifference curves, the equilibrium-purchase combination is determined by the:

• A) intersection of a budget line and an indifference curve.
• B) tangency of a budget line and an indifference curve.
• C) tangency of a price consumption curve and an income consumption curve.
• D) intersection of an income consumption curve and a price consumption curve.

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