Given a consumers budget constraints, maximizing satisfaction is illustrated byy

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    a point along the indifference curve that is closest to the origin.
     the point along the budget curve that touches the indifference curve illustrated that is the closest to the origin.
     The price is allowed to fall, causing a decrease in the quantity supplied and an increase in quantity demanded, until the quantity demanded equals the quantity supplied.
     a point along the indifference curve that is the farthest from the origin.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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The price is allowed to fall, causing a decrease in the quantity supplied and an increase in quantity demanded, until the quantity demanded equals the quantity supplied.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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