Question

define consumers equlibrium​

Answer 1

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. (B) Condition Of Consumer Equilibrium In Case Of Single Commodity.

Answer 2

Answer:

Consumer’s Equilibrium refers to a situation where a consumer gets maximum satisfaction out of his given money income and given market price.

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