A consumer consume only goods A and B . Is in equilibrium .shows that the price of B falls demand for B rise .answer this question in with the help of utility analysis
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Heya...
Consumer is in Equilibrium means...
Mux/Px= Muy/Py ...
If prices of B falls then consumer will buy more good...
So to rich equilibrium again consumer should continue the consumption. of B becz continue in B leads to fall in marginal utility of that...
-- Be Brainly..
Consumer is in Equilibrium means...
Mux/Px= Muy/Py ...
If prices of B falls then consumer will buy more good...
So to rich equilibrium again consumer should continue the consumption. of B becz continue in B leads to fall in marginal utility of that...
-- Be Brainly..
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