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A consumer's equilibrium is always formed …

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A consumer's equilibrium is always formed at a point on the given budget line ..comment on this statement .

    • Posted by Mohan Parmar 7 years, 5 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    S V 7 years, 5 months ago

    This is because if it is formed above budget line it could not be attained as our budget is fixed and if it is formed below budget line it will mean that we are not using our budget fully which will not result in complete satisfaction

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