Economy, asked by ravanraaj, 1 month ago

WHEN WILL CONSUMER IN EQUILIBRIUM IN IN DIFFERENCE CURVE APPROACH

Answers

Answered by TurbulentJAAT

1

Consumer equilibrium refers to a situation, in which a consumer derives maximum satisfaction, with no intention to change it and subject to given prices and his given income. The point of maximum satisfaction is achieved by studying indifference map and budget line together.

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