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How does a consumer reach equilibrum …

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How does a consumer reach equilibrum position when he is buying only one commodity ? Explain with the help of marginal utility schedule?

    • Posted by Supreet Raj 7 years, 6 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Shivangi Goel 7 years, 6 months ago

    When the consumer consumes only one commodity then its equillibrium based on three factors- .price of the commodity, .marginal utility of the commodity, . marginal utility of money......according to this equilibrium schedule is MUx/ Px =MUm ......

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