Economy, asked by sadhana5255, 1 month ago

a consumers only two goods XandY .state and explain the conditions of consumer equilibrium??​

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Answered by maylehussain7292
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CONSUMER EQUILIBRIUM:-

In case of two commodities, the consumer's equilibrium is attained in accordance with the Law of Equi-Marginal Utility. It states that a consumer allocates his expenditure on two goods in such a manner that the utility derived from each additional unit of the rupee spent on each of the commodities is equal.

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