Economy, asked by 2aboode47, 3 months ago

a consumer attains equilibrium in case of one commodity when. formula

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Answered by siddarth11152

Answer:A consumer purchasing a single commodity will be at equilibrium, when he is buying such a quantity of that commodity, which gives him maximum satisfaction. ... Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the commodity.

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