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What is consumer equilibrium two commodity

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What is consumer equilibrium two commodity

Posted by Ashish K 6 years, 9 months ago

CBSE > Class 12 > Economics

2 answers

Sna Sarangi 6 years, 9 months ago

In this case law of equi marginal oprates i.e. a consumer will be in equilibrium if i equates marginal utility and price proportion of both the commodity ;MUx/MUy=Px/Py

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Aamir Beg 6 years, 9 months ago

Consumer equilibrium means a consumer is getting higher level of satisfaction with minimum budget.

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