Question 1. Using Indifference Curve and Budget Line analysis, graphically demonstrate the equilibrium of a consumer who is maximizing utility. Briefly explain.
Question 2. Using Indifference Curve and Budget Line analysis, graphically demonstrate how you can derive a demand curve. Briefly explain.
Note: In the above questions, assume a bundle of two goods X and Y. Put X on the horizontal axis and Y on the vertical axis. Explain, using powerpoint to illustrate.