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Explain consumer equibrillium indifference curve analysis?

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Explain consumer equibrillium indifference curve analysis?

Posted by Tisha Mehndi 5 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Vishu Thind 5 years, 9 months ago

In reference to IC .. consumer is said to be in equilibrium when the ratio of marginal utility and price of two commodities become equal.. Means..at that point a consumer gets maximum satisfaction within his budget or income... Hope u understood..

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