Economics · Indifference Curve Analysis
In indifference curve analysis, consumer equilibrium is achieved when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The budget line is tangent to the indifference curve and the indifference curve is convex to the origin✓
- 2The indifference curve has a positive slope
- 3The indifference curve is concave to the origin
- 4The budget line intersects the indifference curve at any point
Correct answer
The budget line is tangent to the indifference curve and the indifference curve is convex to the origin
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