Question

Explain consumer equilibrium & its conditions with the help of Budget line & Indifference curve analysis
& show that what happen in consumer equilibrium if there will be change in income of the consumer,
बजट रेखा तथा अनधिमान वक्र की सहायता से उपभोक्ता संतुलन को दर्शाइए तथा इसकी शर्ते भी
बताइए क्या होगा, यदि उपभोक्ता की आय में परिवर्तन हो जाए तो उपभोक्ता संतुलन पर उसका क्या
प्रभाव पड़ेगा?​

Answer 1

❤- 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. The point of maximum satisfaction is achieved by studying indifference map and budget line together.