MCQOPTIONS
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| 1. |
A consumer is said to be in equilibrium, if: |
| A. | He is able to locate new sources of income |
| B. | He is able to fulfil his needs with a given level of income |
| C. | His income and expenditure are equal |
| D. | He can fulfil his needs without consumption of certain items |
| Answer» C. His income and expenditure are equal | |