Question

In the given diagram, the situation of Consumer’s Equilibrium and Point of Satiety are represented by the points:

 

Options

• Point C and Point E

• Point E and Point B

• Point B and Point E

• Point B and Point C

Answer 1

Point E and Point B

Explanation:

The diagram identifies E as consumer equilibrium, where MU equals price, and B as the point of satiety. Thus, the ordered pair is Point E and Point B.