Question

What do you understand by consumer equilibrium .give logical reasoning as to how he reaches his state of equilibrium?

Answer 1

Consumer equilibrium is the state when the consumer balances his income and his purchase value.

 The consumer reacts proud of himself when he made a perfect balance between his expense and the expenditure.

This equilibrium will be made when the income remains somewhat after spending for purchasing all the goods.

Answer 2

consumer's equilibrium is situation wherein a consumer gets maximum satisfaction from is given income and he has no tendency to make any change in his expenditure

consumer equilibrium is achieved by consumer when when he buys those goods which gave him maximum satisfaction

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