Question

define consumer's equilibrium ?¿...​

Answer 1

Explanation:

$\huge{\mathbb{\purple{ A{\pink{N{\green{S[\blue{W{\red{ E{\orange{R}}}}}}}}}}}}]</u></em></strong></p><p></p><p><strong><em><u>[tex]\huge{\mathbb{\purple{ A{\pink{N{\green{S[\blue{W{\red{ E{\orange{R}}}}}}}}}}}}]$

A consumer is said to be in equilibrium when he maximizes his satisfaction, given his money income and prices of two commodity. He attains equilibrium at that point where the slope of IC is equal to the slope of budget line. Condition of Consumer's Equilibrium.

Why are you giving so much points

Answer 2

Answer:

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.