Economy, asked by Pynhunlanghadia, 4 months ago

consumers equilibrium-indifference curve analysis for assignment

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Answered by khatija16

Answer:

Consumer equilibrium refers to a situation, in which a consumer derives maximum satisfaction, with no intention to change it and subject to given prices and his given income. ... So, a consumer always tries to remain at the highest possible indifference curve, subject to his budget constraint.

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