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consumer equilibrium indifference curve analysis

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consumer equilibrium indifference curve analysis

    • Posted by Vaibhav Pal 7 years, 7 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Syed Khabib 7 years, 7 months ago

    1.MRS =PX/PY 2.IC convex to origin. According to IC analysis consumer attain equilibrium where slope of budget line equal to slope of IC and IC touch the budget line as a tangent.

    3Thank You

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