EduPadi logo
Home App Pricing
Classroom
Blog
👤My Account

Pass IELTS, JAMB, WAEC, & more with EduPadi CBT App

Practice questions, get instant scores, understand solutions with smart AI insights, and track your progress.

Explore EduPadi App…

From the graph above, the consumer will attain equilibrium at point
index-0
J
index-1
K
index-2
L
index-3
M
Correct Answer: B
The consumer attains equilibrium where the indifference curve is tangent to the budget line. In the provided graph, point K is the point where the indifference curve touches (is tangent to) the budget line. This tangency point represents the highest level of satisfaction the consumer can achieve given their budget constraint.