Consumer equilibrium occurs at:
a. the point where the indifference curve crosses the budget line from below.
b. any point of intersection between an indifference curve and the budget line.
c. the midpoint of every indifference curve
d. the point of tangency between an indifference curve and the budget line.
d
Economics
You might also like to view...
What is the source of the gains from trade?
What will be an ideal response?
Economics
In the period 1965 through the 1970s, policymakers pursued ________ policies in order to achieve ________
A) expansionary; high employment B) expansionary; low inflation C) contractionary; high employment D) contractionary; low inflation
Economics