draw a diagram to show co nsumers equilibrium using indifference curve analysis
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In the diagram 3.11, there are three indifference curves IC1, IC2 and IC3. The price line PT is tangent to the indifference curve IC2 at point C. The consumer gets the maximum satisfaction or is in equilibrium at point C by purchasing OE units of good Y and OH units of good X with the given money income.
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