Economics · Consumer Behaviour
What are the primary conditions for equilibrium of a consumer in indifference curve analysis?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1All of the above✓
- 2The marginal rate of substitution (MRS xy ) must be diminishing
- 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!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Consumer Behaviour MCQs →Want more practice questions on Consumer Behaviour?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Consumer Behaviour