Question

demnand curve
6
0.25 What do you understand by consumer's equilibrium? Show
consumer equilibriumn with help of indifference curve analysis.​

Answer 1

Answer:

Consumer equilibrium refers to a situation, in which a consumer derives maximum satisfaction, with no intention to change it and subject to given prices and his given income. So, a consumer always tries to remain at the highest possible indifference curve, subject to his budget constraint

Explanation:

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