Business Studies, asked by Reddyteja9538, 10 months ago

How is equilibrium of consumer affected when mum happens to rise and px is constant?

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Answered by KameenaYaar01

6

Answer:

If marginal utility of money begins to rise while price remains constant then this implies that marginal utility of a rupee spent on the commodity (MUx / Px) is less than the marginal utility of money (MUm).

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