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Explain indifference curve consumer equilibrium

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Explain indifference curve consumer equilibrium

Posted by Chandresh Dhyani 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Attri 6 years, 7 months ago

Indifference curve refers to a graphical representation of possible combination of bundle of two goods among the consumer is indifferent becauuse each level offers him a same level of satisfaction,, Consumer equilibrium refers to the situation where consuner having maximum satisfaction with his limited income and he has no tendency to change his way of his expenditure

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