Business Studies, asked by Gurpreetsingzaildaar, 9 months ago

what is meaning of consumer equilibrium

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Answered by farwa87

Answer:

The state of balance achieved by an end user of products that refers to the amount of goods and services they can purchase given their present level of income and the current level of prices. Consumer equilibrium allows a consumer to obtain the most satisfaction possible from their income.

Answered by zalakchauhan6826

A Consumer equilibrium is a situation in which a person gets maximum satisfaction. ... A It refers to attainable combinations of sets of two commodity at given prices of commodity and income of the consumer.

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