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As per indifference curve analysis consumer equilibrium is attained when

Question:

As per indifference curve analysis consumer equilibrium is attained when

A.

slope of indifference curve is constant

B.

slopes of both indifference curve and income price line are equal

C.

slopes of both indifference curve and income price line are opposite

D.

both income price line and indifference curve are parallel.

Answer» b. slopes of both indifference curve and income price line are equal

Note: The above multiple-choice question is for all general and Competitive Exams in India