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Write the meaning of consumer's equilibrium?

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Write the meaning of consumer's equilibrium?

Posted by Sangita Mangkhya 6 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Gangesh Sharma 6 years, 11 months ago

Consumer equilibrium refers to a situation where a consumer get maximum satisfaction with his existing purchase and he has no tendency to make any change in his existing purchase.

Xyz Abcd 6 years, 11 months ago

It refers to a situation when consumer gets maximum satisfaction from purchase of given units of commodity with his income.

Priyanka Maurya 6 years, 11 months ago

A situation where a consumer reaches it's peak level of satisfaction.

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