Question

state the condition of consumers equilibrium in the different analysis

Answer 1

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.

Consumer’s equilibrium can be discussed under two different situations:

1. Consumer spends his entire income on a Single Commodity

2. Consumer spends his entire income on Two Commodities

hope it clarifies ur doubt dear friend..