Economics · Economics
In Indifference Curve analysis, what are the primary conditions for consumer equilibrium?
- 1All of the above✓
- 2The Marginal Rate of Substitution (MRS xy ) must be diminishing at the point of equilibrium
- 3The Indifference Curve must be convex to the origin at the point of equilibrium
- 4The Indifference Curve must be tangent to the budget line
Correct answer
All of the above
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Economics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Economics