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Refer to the Diagram, Where Xy Is the Relevant Budget

Question 125

Multiple Choice

Refer to the diagram, where xy is the relevant budget line and I₁, I₂, and I₃ are indifference curves. The equilibrium position for the consumer is at A) any point on xy. B) point M. C) point K. D) point J. Refer to the diagram, where xy is the relevant budget line and I₁, I₂, and I₃ are indifference curves. The equilibrium position for the consumer is at


A) any point on xy.
B) point M.
C) point K.
D) point J.

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