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Given price of a good,how does …

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Given price of a good,how does a consumer decide as to how much of that good to buy?
  • 1 answers

Shweta Gogna 7 years, 6 months ago

Mu×(in money terms)= px This condition implies that if the mu of commodity(in money terms) will be equal to its price consumer will attain equilibrium. If th mu× of commodity matches with its price at any unit so by consuming that no of units consumer will attain max satisfaction and will decide to buy that no of units
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