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Defination of consumer equilebreium

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Defination of consumer equilebreium
  • 2 answers

Shruti Gupta 6 years, 8 months ago

Consumer is said to be in equilibrium when he get satisfaction by spending his money income,price of good is constant where he don't want to change his position.

Prabhdeep Singh 6 years, 8 months ago

The consumer is in equilibrium when, given his income and market prices, he plans his expenditure in such a manner that he maximises his total satisfaction
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