Question

what is consumers equilibrium in one commodity

Answer 1

A consumer is said to be inequilibrium when he is maximising his satisfaction. In case of single commodity the consumer is inequilibrium when marginal utility of agood in terms of money becomes equal to the price of that good. ... So the consumer is in gains.

Answer 2

Consumer's Equilibrium - Single Commodity Case. A consumer is said to be in equilibrium when he is maximising his satisfaction. In case ofsingle commodity the consumer is inequilibrium when marginal utility of a good in terms of money becomes equal to the price of that good.