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What is conumer equilibrium

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What is conumer equilibrium

Posted by Sakshi Rajput 5 years, 9 months ago

CBSE > Class 11 > Economics

3 answers

Maheshwari Mansi 5 years, 9 months ago

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

Deepak Singh 5 years, 9 months ago

Yes

Yogita Ingle 5 years, 9 months ago

Equilibrium means a state of maximum satisfaction.

Consumer’s equilibrium is a situation when he spends his given income on the purchase of one or more commodities in such a way that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities.

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