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Commerce · Q580

Economics

Graduate and Post Graduate · Commerce · question 580

Q580

In an indifference curve/budget line diagram, at consumer equilibrium, the slope of the budget line

A.
Is less than the slope of the indifference curve
B.
Is greater than the slope of the indifference curve
C.
Equals the slope of the indifference curve
Answer
D.
May be greater than, equal to, or less than the slope of the indifference curve

Answer: Option C

Solution

Answer: Option C
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