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JAMB Economics 2013 Question 13

Question 13

Theory of Consumer Behaviour

Use the graph below to answer the question.
From the indifference curve above, a consumer will prefer combination

Diagram for this question
  1. A.F
  2. B.S
  3. C.M
  4. D.K.
Show the answer and explanation

Answer: B (S)

Explanation

A higher indifference curve gives more satisfaction. S lies on the highest curve, so it is preferred.