Question

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What is consumer's equilibrium ¿
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Answer 1

What is consumer's equilibrium

The state of balance obtained by an end-user of products that refers to the number of goods and services they can buy, given their existing level of income and the prevailing level of cost prices.

Answer 2

Answer:

Consumer's Equilibrium means a state of maximum satisfaction. A situation where a consumer spends his given income purchasing one or more commodities so that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities, is known as the consumer's equilibrium.