Equibilium, Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of, Microeconomics

Equibilium, Microeconomics

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Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500
each and that of shirts is R312.50 each.
6.1 Use the information and calculate consumer equilibrium for Dlamini. (5)
6.2 Use a diagram and graphically illustrate consumer equilibrium. Remember to
incorporate indifference curves and a budget line in your diagram. (7)

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Equibilium, Microeconomics

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