Question

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

Answer 1

Consumer equilibrium is a state in which the consumer balances his income and purchase value.

 The consumer tends to be satisfied and motivated when he reaches his state of equilibrium.

Answer 2

Answer:

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.