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Explain the condition of consumer equilibrium …

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Explain the condition of consumer equilibrium using ic analysis

    • Posted by Vishu Kamboj 7 years, 2 months ago

    CBSE > Class 12 > Economics
    • 2 answers

    Chahat Aggarwal 7 years, 2 months ago

    Slope of budget line should be equal to slope of ic Ic curve should be tangent to budget line Ic curve should be concex to its equilibrium

    1Thank You

    Samira . 7 years, 2 months ago

    When IC curve and demand curve touches then point of their joining is known as equilibrium point .

    1Thank You

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