Question

Q.12 A consumer consumes only two goods X and Y. Marginal utilities of X and Y
respectively. Price of X and Price of Y is Rs 3 per unit. Is consumer in equilibrium?
reaction of the Consumer? Give reasons.
​

Answer 1

Explanation:

A consumer consumes only two goods X and Y. Marginal utilities of X and Y is 3 and 4 respectively. Prices of X and Y are Rs 4 per unit each. ... Hence consumer is not in equilibrium, Thus, in order to attain equilibrium consumer will increase the consumption of good Y and decrease the consumption of good X.

Answer 2

I hope it helps u

And if u like my answer do mark me brainliest and don't forget to rate so that I should come to know that u like my answer