Economy, asked by deshnabafna, 5 months ago

"A consumer is in equilibrium where indifference curve tangents price line". do u agree ??

Answers

Answered by pandeydiksha219

Consumer achieves equilibrium at that point where the price line is tangent to the indifference curve.

In this case, the point where the price line is tangent to the indifference curve represents the minimum cost that the consumer will have to incur in order to obtain a certain level of utility given by the indifference curve.

Answered by sairamphotography73

Answer:

yah I agree

Explanation:

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"A consumer is in equilibrium where indifference curve tangents price line". do u agree ??​

Answers

"A consumer is in equilibrium where indifference curve tangents price line". do u agree ??