Economy, asked by amantanejaadv4204, 11 months ago

Statements indicating consumer equilibrium

Answers

Answered by IƚȥCαɳԃყBʅυʂԋ

8

Answer:

Equilibrium means a state of maximum satisfaction.

Equilibrium means a state of maximum satisfaction.Consumer's equilibrium is a situation when he spends his given income on the purchase of one or more commodities in such a way that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities.

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