Economy, asked by chinmoyeeboro73, 7 months ago

what does consumers equilibrium mean?

Answers

Answered by khaninayath302

Answer:

The aim of the consumer is to get maximum satisfaction from his money income. Given the price line or budget line and the indifference map "A consumer is said to be in equilibrium at a point where the price line is touching the highest attainable indifference curve from below.

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