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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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