Q749
As per the indifference curve and price line, a consumer will not be in equilibrium when
A.
The Ratio ratio of marginal utilities of the two goods is equal to the ratio of their respective goods are equal
AnswerB.
The Ratio ratio of the marginal rate of utilities and prices of the respective goods are equal
C.
The marginal rate of substitution is equal to the ratio of the prices of the two goods
D.
The marginal rate of substitution is decreasing
Answer: Option A
Solution
Answer: Option A
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