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Consumers equilibrium definition

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Consumers equilibrium definition

    • Posted by Rupesh Pandey 7 years, 9 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Abhilasha Kumari 7 years, 9 months ago

    When the consumer gets maximum satisfaction by spending his limited income then that is called consumer equilibrium .MUx/Px=MUm in case of single commodity and MUx/Px=MUy/Py=MUm in case of two commodities be consumed by a consumer .

    0Thank You

    Ankit Siwach 7 years, 9 months ago

    It is refer to that spend entire income on purchase of a commodity in which get maximum satisfaction.

    0Thank You

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