Question

what is consumer equilibrium ?​

Answer 1

Answer:

Consumer equilibrium is a point at which a consumer's derived utility from a commodity is at its maximum, given a fixed level of income and price of that commodity. A rational consumer would not deviate from this point.

Answer 2

Answer:

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༒Consumer equilibrium is a point at which a consumer's derived utility from a commodity is at its maximum, given a fixed level of income and price of that commodity. A rational consumer would not deviate from this point.

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