Economy, asked by DHRUVMAHAJAN4350, 11 months ago

Write down a condition of consumer’s equilibrium by indifference curve.

Answers

Answered by tamal94

Answer:

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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