A consumer will consume the combination of goods at the crossing point of a budget line and indifference curve.
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Q60: The market demand curve represents the total
Q61: If point A on an indifference curve
Q62: A consumer who chooses the optimal bundle
Q63: The budget line and the indifference curve
Q64: An increase in a consumer's income will
Q66: An increase in income shifts indifference curves
Q67: Indifference curves show all combinations of commodities
Q68: The slope of the budget line is
Q69: The slope of an indifference curve represents
Q70: All points on an indifference curve represent
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