Economy, asked by guthara2020, 2 months ago

Consumer Equilibrium under indifference curve approach​

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Answered by ronitgamer223
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Understanding Consumer's Equilibrium by Indifference Curve Analysis! ... On an indifference map, higher indifference curve represents a higher level of satisfaction than any lower indifference curve. So, a consumer always tries to remain at the highest possible indifference curve, subject to his budget constraint.

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