From the graph above, the consumer is at equilibrium at point
ECONOMICS
JAMB 2023
From the graph above, the consumer is at equilibrium at point
- A. k
- B. l
- C. m
- D. j
Correct Answer: A. k
Explanation
The consumer is at equilibrium is at point k where the slope of the indifference curve is tangential to the budget line.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *