Question

how will you locate the consumer's equilibrium if MRS is increasing​

Answer 1

Answer:

Therefore, we can say that consumers equilibrium is achieved when the price line is tangential to the indifference curve. Or, when the marginal rate of substitution of the goods X and Y is equal to the ratio between the prices of the two goods.

Explanation:

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Answer 2

Q)how will you locate the consumer's equilibrium if MRS is increasing

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refer to the attachment