Question

Explain the condition of consumer equilibrium in case of single commodity and two commodities. used utility approach. explain the causes of a leftward shift in demand curve of a commodity

Answer 1

Consumer equilibrium is attained when marginal utility of commodity in money terms.

It have been discovered with the above condition and taken by the help of price range.

The utility schedule also taken at right platform and aim to provide utility power.

When compare with marginal utility, the money terms will be slight changed.

Answer 2

Answer:here is it

Explanation: