Which of the following will lead to corner equilibrium?
A)The consumer has a fixed amount of income
B)The first unit of one good is not worth its cost
C)The consumer has L-shaped indifference curves
D)The proportion of income spent on both goods is the same

Question

Quizplus · Accepted Answer

The Answer of Which of the following will lead to corner equilibrium?
A)The consumer has a fixed amount of income
B)The first unit of one good is not worth its cost
C)The consumer has L-shaped indifference curves
D)The proportion of income spent on both goods is the same

Which of the Following Will Lead to Corner Equilibrium