Suppose that in equilibrium this individual consumes 2 units of good 1 and 12 units of good 2. Plot this bundle in the same diagram. Draw a convex shaped indifference curve passing through this point.

In microeconomics, the concept of consumer equilibrium is closely tied to the notion of indifference curves and budget constraints. Consumer equilibrium occurs when a consumer maximizes utility subject to a budget constraint. Utility is the satisfaction or happiness that a consumer derives from consuming goods and services, and indifference curves represent combinations of goods that provide the same level of satisfaction.

Let's consider an individual who, in equilibrium, consumes 2 units of good 1 and 12 units of good 2. We can represent this bundle graphically on a diagram with good 1 on the x-axis and good 2 on the y-axis. This point, denoted as (2, 12), represents the consumer's optimal consumption bundle at the given prices and income.

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