Economy, asked by harjotjassar2003, 1 year ago

Conclusion of Consumers equilibrium - Indifference curve analysis

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Answered by joseph2005
7

Answer:

the equilibrium position of the consumer is at the point where the Consumption Possibility Line is the tangent of an Indifference Curve. ... Consumer equilibrium refers to a situation in which the consumer obtains the maximum total utility with the consumer's budget.

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