MCQOPTIONS
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| 1. |
A consumer is said to be in equilibrium,if |
| A. | He is able to fulfil his need with a given level of income. |
| B. | He is able to live in full comforts with a given level of income |
| C. | He can fulfil his needs without consumption of certain items |
| D. | He is able to locate new sources of income |
| Answer» B. He is able to live in full comforts with a given level of income | |