We have said that the indifference curves are usually convex to the origin. The consumers equilibrium is at the point of tang ency of the price line with an indifference curve. There arc some exceptions.

Maleficence curves and the Councillor be In colloquium here  hue  tangent to the curve but here consumer buys only Y Of at L where  he Will buy only good X. P and L on higher indifference curves than at Q.

[av_button label='Get Any Economics Assignment Solved for US$ 55' link='manually,http://economicskey.com/buy-now' link_target='' color='red' custom_bg='#444444' custom_font='#ffffff' size='large' position='center' icon_select='yes' icon='ue859' font='entypo-fontello']

Share This