2018 Nov Business Economics and Business and Commercial Knowledge

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Question : 13 of 100

Marks: +1, -0

The consumer is in equilibrium when the following condition is satisfied:

${MU_y}/{MU_X}> P_x /P_y$
${MU_y}/{MU_X}$ < $P_x /P_y$
${MU_y}/{MU_X}= P_x /P_y$
None of these

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