WAEC Economics 2010 Theory — Question 8
Question 8 of 23 from the West African Examinations Council (WAEC) Economics 2010 Theory paper, with the correct answer and a full explanation.
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SECTION B (Answer four questions only from this section) 3(a) What is the equilibrium of a consumer? (5 marks)
Model answer
The equilibrium of a consumer is the point where the consumer maximizes his satisfaction from spending his income.
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