Define consumer's equilibrium..
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The state of balance obtained by an end-user of products that refers to the number of goods and services they can buy, given their existing level of income and the prevailing level of cost prices. Consumer equilibrium permits a customer to get the most satisfaction possible from their income.
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It is the state of balance obtained by end users of products, which refers to the number of goods and services they can buy with their existing level of income and the prevailing level of cost prices.
Consumer’s equilibrium permits a consumer to get the most satisfaction possible from his income.
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