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Refer to the Diagram, Where Xy Is the Relevant Budget

Question 67

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 Refer to the diagram, where xy is the relevant budget line and I<sub>1</sub>, I<sub>2</sub>, and I<sub>3</sub><sub> </sub>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.


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

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