comsumers equilibrium
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Consumer Equilibrium. The state of balance obtained by an end-user of products that refers to the number of goods and services they can buy given their existing level of income and the prevailing level of cost prices. Consumer equilibrium permits a customer to get the most satisfaction possible from their income.
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A consumer is said to be in equilibrium when he/she reaches maximum satisfaction on the goods or services that were purchased by him/her due to the effects of the income of the consumer.
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