1.

In the case consumers equilibrium to be explained through an ordinal approach, when there are two commodities with their prices given and with limited income of the consumer, the following information is required: a) Price line / budget lineb) Indifference mapc) Point of tangency between IC and budget lined) Equality of the slopes of IC and budget line Arrange the information required in the correct sequence and choose the right option from those below

A. → d) → a) → c)
B. → a) → d) → c)
C. → d) → b) → c)
D. → b) → c) → d)
Answer» C. → d) → b) → c)


Discussion

No Comment Found