Economy, asked by dhwani0406, 8 months ago

Explain the conditions of consumer's equilibrium using indifference curve analysis

Answers

Answered by shashikumarbhattacha

11

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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