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      Question

      In consumer behavior theory of economics, the

      equilibrium is defined as the point of tangency of the:
      A isoquant and budget line Correct Answer Incorrect Answer
      B indifference curve and budget line Correct Answer Incorrect Answer
      C budget line and x-axis Correct Answer Incorrect Answer
      D production possibility curve and budget line Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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