No products in the cart.

How to explain consumers equilibrium with …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Install Now

How to explain consumers equilibrium with budget line and indifference curve

Posted by Vandana Shankar 5 years, 10 months ago

CBSE > Class 12 > Economics

2 answers

Shivangi Goel 5 years, 10 months ago

Explaination will be.... The rate at which consumer is willing to subsitute a good must be coincide with the rate at which market allows to subsitute.... See the diagram frm ur book

3Thank You

Shivangi Goel 5 years, 10 months ago

Both of these are equilibrium condition... In this, MRSxy = Px/Py and IC is convex to origin......so u should explain these situation with the help of diagriam...on that slpoe of IC (MRS)should be coincide with slope of budget line (px/py)....

3Thank You

ANSWER

Related Questions

Components of domestic territory

Posted by Sneha Jaiswal 1 month, 1 week ago

CBSE > Class 12 > Economics

1 answers

Discuss the land settlement system introduced under British rule

Posted by Anmol Singh 1 week ago

CBSE > Class 12 > Economics

0 answers

Calculate net national product at factor cost

Posted by Rajesh Mahor 3 weeks, 3 days ago

CBSE > Class 12 > Economics

1 answers

Why does circular flow of money never stop?

Posted by Sneha Jaiswal 1 month, 1 week ago

CBSE > Class 12 > Economics

1 answers

Write two observation indicating the difference between domestic income and national income

Posted by Priyanka Tiwari 20 hours ago

CBSE > Class 12 > Economics

0 answers

How is the RBI controlling the commercial banks?

Posted by Alisha Rai 1 week, 3 days ago

CBSE > Class 12 > Economics

1 answers

What is negative externalities

Posted by Saurabh Prakash 1 week, 6 days ago

CBSE > Class 12 > Economics

0 answers

For a hypothetical economy, assume the government increased an infrastructural investment by Rs. 20,000 crore. 80% of additional income is consumed in the economy. Estimate the increase in income and the corresponding increase in consumption expenditure in the economy

Posted by Akshayashri Soundararajan 1 month ago

CBSE > Class 12 > Economics

1 answers

What may happen if savings are encouraged in an economy

Posted by Jyotishmita Baishya 5 days, 23 hours ago

CBSE > Class 12 > Economics

1 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Mohini Singh 2 weeks, 1 day ago

CBSE > Class 12 > Economics