Economy, asked by tusharwaghsoil5468, 1 year ago

Explain the conditions of consumer's equilibrium in case of (1) single commodity and (2) two commodities. Use utility approach.

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Answered by Anonymous

Answer:Consumer Equilibrium in Case of a Two Commodity, With the Help of Utility Analysis. Suppose, a consumer consumes only two goods X and Y. He will attain equilibrium only if he allocates his given income on the purchase of good X and Y in such a way that per rupee MU of both the products is equal and he gets maximum TU.

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