Question

conditions of consumer equlibrium

Answer 1

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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Answer 2

Answer:

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Explanation:

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