Exhibit 21-6 -Refer to Exhibit 21-6.I₁,I₂ and I₃ are indifference curves and line ab is the relevant budget constraint.The equilibrium position for the consumer is at A) any point on the budget constraint. B) point M. C) point J. D) point T. E) point R.

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The Answer of Exhibit 21-6 -Refer to Exhibit 21-6.I₁,I₂ and I₃ are indifference curves and line ab is the relevant budget constraint.The equilibrium position for the consumer is at A) any point on the budget constraint. B) point M. C) point J. D) point T. E) point R.

Exhibit 21-6 -Refer to Exhibit 21-6.I1,I2 and I3 Are Indifference Curves and Are

Exhibit 21-6 -Refer to Exhibit 21-6.I₁,I₂ and I₃ Are Indifference Curves and Are