Refer to the diagram, where xy is the relevant budget line and I₁, I₂, and I₃are 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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The Answer of Refer to the diagram, where xy is the relevant budget line and I₁, I₂, and I₃are 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