I need the answer as soon as possible 37. The consumer is in equilibrium at apoint where the budget lineА.Is above an indifference curveB. O Is below an indifference curveC. O Is tangent to an indifference curveD. O Cuts an indifference curve

Consumers are balanced at the intersection of the budget lines.

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The consumer is in equilibrium at a point where the budget line

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter5: Consumer Choice: Individual And Market Demand

Section5.A: Appendix Analyzing Consumer Choice Graphically: Indifference Curve Analysis

Problem 3TY

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I need the answer as soon as possible

37. The consumer is in equilibrium at a
point where the budget line
А.
Is above an indifference curve
B. O Is below an indifference curve
C. O Is tangent to an indifference curve
D. O Cuts an indifference curve

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