The consumer is in equilibrium position at a point where the price line is:

CA Foundation · Business Economics · PYQS · September 2025
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

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. tangent to an indifference curve

Topics: Theory of Demand and Supply

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic