Economy, asked by kayinatchoudhry, 11 months ago

Cosumer equlibrium explain with concepts

Answers

Answered by piyushsahu624

Answer:

Equilibrium means a state of maximum satisfaction.

Consumer's equilibrium is a situation when he spends his given income on the purchase of one or more commodities in such a way that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities.

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