SEPTEMBER 2025Foundation
9. The consumer is in equilibrium position at a point where the price line is:
A
(A) cutting an indifference curve
B
(B) below an indifference curve
C
(C) tangent to an indifference curve
D
(D) above an indifference curve
9. The consumer is in equilibrium position at a point where the price line is:
(A) cutting an indifference curve
(B) below an indifference curve
(C) tangent to an indifference curve
(D) above an indifference curve