Economy, asked by mis1aumanilicik, 1 year ago

When a consumer is said to be in equilibrium?

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Answered by nsvinayakaiyer

A consumer is said to be in equilibrium, if: (A) he is able to fulfil his need with a given level of income (B) he is able to live in full comforts with a given level of income (C) he can fulfil his needs without consumption of certain items (D) He is able to locate new sources of income

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