The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint.

Question

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
 
-A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint.

Quizplus · Accepted Answer

The Answer of The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3
 
-A consumer is in equilibrium when the slope of his or her indifference curve is equal to his or her budget constraint.

The Below Figure Shows the Various Combinations of the Goods