Step 1: Consider the parallelogram.}
Let \( ABCD \) be a parallelogram that circumscribes a circle. This means the incircle of the parallelogram touches all its sides.
Step 2: Property of tangents.}
Let the points of contact of the incircle with the sides \( AB, BC, CD, \) and \( DA \) be \( P, Q, R, \) and \( S \) respectively. From the tangent-secant property, we know that the tangents drawn from an external point to a circle are equal in length. Hence:
\[
AP = AS, \quad BP = BQ, \quad CQ = CR, \quad DR = DS
\]
Step 3: Use the sum of tangents.}
Now, the sum of the lengths of the opposite sides of a parallelogram are equal. So, we have:
\[
AB + CD = AD + BC
\]
Step 4: Show that the sides are equal.}
From the tangency conditions, we know that:
\[
AB = AP + BP = AS + AR = AD
\]
Similarly:
\[
BC = BQ + CQ = BR + CR
\]
Therefore, \( AB = BC = CD = DA \), showing that all four sides of the parallelogram are equal in length.
Step 5: Conclusion.}
Since all the sides of the parallelogram are equal, it must be a rhombus.
% Final Answer
Final Answer:
Thus, the parallelogram circumscribing a circle is a rhombus.