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What is consumer equlibirum

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What is consumer equlibirum
  • 1 answers

Yogita Ingle 6 years, 10 months ago

Consumer’s Equilibrium refers to a situation where a consumer gets maximum satisfaction out of his given money income and given market price.
Consumer’s equilibrium through utility analysis can be ascertained with reference to:

  1. A single commodity
  2. Two or several commodities
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