Question

what is consumers equilibrium

Answer 1

Answer:

consumers equilibrium means consumers willing to pay=consumers ability to pay

Explanation:

consumers equilibrium provide us probablity of purchase by consumers

consumers willing to pay means consumer Is mentally ready for buying to purchase any product

consumers ability to pay means consumer has sufficient amount of money to purchase goods or has sufficient goodwill to purchase goods on credit basis

Answer 2

Answer:

Consumers equilibrium refers to a situation of a no change in consumer where consumer get maximum satisfaction from the given income.