rajayadav5329 rajayadav5329

02-01-2023
Business

Answered

Refer to Exhibit 21-6. I1, I2and I3are indifference curves and line ab is the relevant budget constraint. Theequilibrium position for the consumer is at
a. any point on the budgetconstraint.
b. point M.
c. point J.
d. point T.
e. point R.

Answer :

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