Question

why is the study of consumer equilibrium a subject matter of microeconomics?

Answer 1

Hope it helps!!!

Consumer's equilibrium refers to a situation where a particular consumer is getting maximum level of satisfaction given a fixed level of income and prices. Now,Since in consumer's equilibrium, we study the behaviour of a single consumer, and not all consumers as a whole, it is a subject matter of microeconomics.

#Be Brainly✌️