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What is consumer equlibrium

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What is consumer equlibrium

Posted by Rakshit Saluja 6 years, 4 months ago

CBSE > Class 11 > Economics

2 answers

Maheshwari Mansi 6 years, 4 months ago

consumer equilibrium refers to the situation when a consumer is having maximum satisfaction with limited income and as a no tendency to change his way of existing expenditure

Yogita Ingle 6 years, 4 months ago

Consumer’s Equilibrium : A consumer is said to be in equilibrium when he maximizes his satisfaction, given his money income and prices of two commodity. He attains equilibrium at that point where the slope of IC is equal to the slope of budget line.

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