Write about Consumer's equilibrium in detail.
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The state of balance achieved by an end user of products that refers to the amount of goods and services they can purchasegiven their present level of income and the current level of prices. Consumerequilibrium allows a consumer to obtainthe most satisfaction possible from their income.
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Partial equilibrium or Consumer's equilibrium is a condition of economic equilibrium which takes into consideration only a part of the market, ceteris paribus, to attain equilibrium.
As defined by Leroy lopes, "A partial equilibrium is one which is based on only a restricted range of data, a standard example is price of a single product, the prices of all other products being held fixed during the analysis."
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