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Consumer equilibrium with indiffference curve

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Consumer equilibrium with indiffference curve

    • Posted by Huhu Gugu 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Megha Tandan 7 years, 11 months ago

    Consumer consumes commodity to get maximum satisfaction within his budgetline Indifference curve shows consumption of two goods in such a manner he get maximum satisfaction IC curve I always downward sloping and convex to the origin Equilibrium point is always tangent to the budget line

    0Thank You

    Harsh Choudhary 7 years, 11 months ago

    All point is equilibrium point because the consumer is indifferent b/w the two

    0Thank You

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