Economy, asked by zig121, 8 months ago

define consumer equilibrium?

Answers

Answered by Dineshdeepak

Answer:

The aim of the consumer is to get maximum satisfaction from his money income. Given the price line or budget line and the indifference map "A consumer is said to be in equilibrium at a point where the price line is touching the highest attainable indifference curve from below".

Previous Question

Next Question

Similar questions

Computer Science, 3 months ago

We use drag and drop for...

Math, 3 months ago

what is the formula of finding length when breadth and perimeter are given ?

English, 3 months ago

Identify the 3 verbs in the following sentence: I climbed the wall behind my house, jumped down off of the wall to the street, and ran to my friends house.

Science, 8 months ago

16. Which gas produced during photosynthesis.

English, 8 months ago