Read the following passage and answer the following question: A consumer is said to be in equilibrium when he maximise his satisfaction given his money income and prices of two commodity. He attains equilibrium at that point where the slope of IC is equal to the slope of budget line.
The above explanation is about consumer equilibrium: *
1. In one commodity case
2. In double Commodity case
3.Both of the above
4.None of these
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Explanation:
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