The Edgeworth box
A) Is a diagram that shows two consumers' opportunities and choices in a single figure
B) Can be used to illustrate equilibrium in a simple exchange economy
C) Was first introduced by Francis Ysidro Edgeworth
D) All of these

Question

Quizplus · Accepted Answer

The Edgeworth box is a diagram that shows two consumers' opportunities and choices in a single figure. It can be used to illustrate equilibrium in a simple exchange economy. The diagram was first introduced by Francis Ysidro Edgeworth. Therefore, option D is the correct answer.

The Edgeworth Box