In Section 5.4 you learned about price-consumption curves. Add Humphrey and Lauren's price-consumption curves to the Edgeworth

Question:

In Section 5.4 you learned about price-consumption curves. Add Humphrey and Lauren's price-consumption curves to the Edgeworth box in Figure 16.10 (page 560). Explain why the competitive equilibrium corresponds to the point at which the price-consumption curves intersect.