Question

Please help me out with this question

Define Consumer Equilibrium.

Thank you :)

Answer 1

hey dude,

The state of balance achieved by an end user of products that refers to the amount of goods and services they can purchase given their present level of income and the current level of prices. Consumer equilibrium allows a consumer to obtain the most satisfaction possible from their income.

have a great day frnd

Answer 2

Heya user.


Consumer equilibrium is that situation in which consumer having maximum profit within his limited income.And there is no tendency to change this situation.