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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
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Correct Answer: Option A
Explanation

The consumer is at equilibrium is at point k where the slope of the indifference curve is tangential to the budget line.

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