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Condition of consumer equlibrium

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Condition of consumer equlibrium

    • Posted by Priyesh Ranjan 7 years ago

    CBSE > Class 12 > Economics
    • 3 answers

    Lav Badaya 7 years ago

    Double case mean that 2= MUx /Px=MUy/Py

    0Thank You

    Lav Badaya 7 years ago

    There is a two case 1=when MUx =Px that is single case commodity

    0Thank You

    Pragya Tyagi 7 years ago

    In case of single commodity, the condition is MUx should be equal to price of x. While in case of two commodities1) The ratio of MU to price is same in case of both the goods. 2) MU falls as consumption increase.

    2Thank You

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