Economy, asked by p14nohriang, 4 months ago

how consumer attains equilibrium through ordinal utility analysis?

Answers

Answered by sanjeevaraya3

Answer:

Explanation:

Definition: The Ordinal Approach to Consumer Equilibrium asserts that the consumer is said to have attained equilibrium when he maximizes his total utility (satisfaction) for the given level of his income and the existing prices of goods and services.

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