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Consumer equilibrium two commodity case

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Consumer equilibrium two commodity case

Posted by Amit Saharan 6 years, 10 months ago

CBSE > Class 12 > Economics

1 answers

Savita Sahu 6 years, 10 months ago

First give its defination -consumer equilibrium is a situation when consumer strikes its maximum satisfaction by consuming two good.. i.e good X ans good Y. -consumer will strikes its equilibrium when #MUx/Px=MUy/py #law of DMU must hold the goods I) explain what happen when mux/px greater than muy/py and smaller then.... Ii) explain law of dmu Complete

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