.. Explain the conditions of consumer's equilibrium using indifference curve analysis.
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ᴀᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ɪɴᴅɪғғᴇʀᴇɴᴄᴇ ᴄᴜʀᴠᴇ ᴀᴘᴘʀᴏᴀᴄʜ, ᴀ ᴄᴏɴsᴜᴍᴇʀ ᴀᴛᴛᴀɪɴs ᴇǫᴜɪʟɪʙʀɪᴜᴍ ᴜɴᴅᴇʀ ᴛᴡᴏ ᴄᴏɴᴅɪᴛɪᴏɴs: (ɪ) ᴡʜᴇɴ ᴍᴀʀɢɪɴᴀʟ ʀᴀᴛᴇ ᴏғ sᴜʙsᴛɪᴛɪᴏɴ ɪs ᴇǫᴜᴀʟ ᴛᴏ ʀᴀᴛɪᴏ ᴏғ ᴘʀɪᴄᴇs ᴏғ ᴛᴡᴏ ɢᴏᴏᴅs ɪ.ᴇ., ᴍʀsxʏ = ᴘx/ᴘʏ. ... ᴀᴛ ᴇǫᴜɪʟɪʙʀɪᴜᴍ ᴘᴏɪɴᴛ ᴄᴏɴsᴜᴍᴇʀ ᴍᴀxɪᴍɪsᴇs ʜɪs sᴀᴛɪsғᴀᴄᴛɪᴏɴ.
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