Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -Refer to Figure 8.4. The society's consumption is equal along C₂ and C₃ if A) income is Y₁. B) income is Y₂. C) saving is positive. D) saving is negative.

Question

Quizplus · Accepted Answer

When income is Y₂, the society consumes at a point where it is maximizing its utility, therefore consumption is equal along C₂ and C₃.

Refer to the Information Provided in Figure 8