Question

2. Explain consumers equilibrium condition under Indifference Curve Analysis.​

Answer 1

Answer:

$\huge\mathfrak\green{Answer}$

Consumer equilibrium refers to a situation, in which a consumer derives maximum satisfaction, with no intention to change it and subject to given prices and his given income. ... So, a consumer always tries to remain at the highest possible indifference curve, subject to his budget constraint.

Answer 2

Answer:

consumer equilibrium refers to a situation ,in which a consumer deriwes maximum satisfaction, with no intention to change it and subject to give price and his give income..... so, a consumer always treits to remain at the highest possible indifference curve, subject to his budget constraints.

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