CBSE BOARD XII, asked by hahimangshuagarwal, 1 year ago

conditions of consumer equlibrium

Answers

Answered by ramanujan67

Explanation:

This is a necessary but not a sufficient condition for consumer's equilibrium. (3) Indifference curve should be Convex to the Origin. Therefore, the last conditions are that at the point of equilibrium, the marginal rate of substitution of X for Y must be falling for equilibrium to be stable....

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Answered by richamishrasm1988

Answer:

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Explanation:

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