Question

When cosumer income and number of sellers both falls then equilibrium

Answer 1

Heya user!

Consumer equilibrium is that situation when consumer have its maximum profit under his Limited income .

It affects equilibrium , become zero.

Answer 2

$\huge\mathfrak\red{Bonjour\:Mate}$

$\huge\boxed{Answer}$________✌✌

♠️On a linear demand curve, all the five forms of elasticity can be depicted

♠️If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.

♠️If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves.

♠️The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded.