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An equilibrium market basket is one that Group of answer choices a. Does not change even if consumer income changes. b. Equalizes the marginal and
An equilibrium market basket is one that
Group of answer choices
a. Does not change even if consumer income changes.
b. Equalizes the marginal and total utilities for each commodity.
c. Does not change even if price of the commodities purchased change.
d. Gives the consumer the greatest amount of utility from a given income.
e. Ensures the consumer a level of satisfaction equal to all other possible consumption alternatives.
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