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What is consumers equilibrium?

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What is consumers equilibrium?

Posted by Vijayaraj Appu 5 years, 5 months ago

CBSE > Class 11 > Economics

2 answers

Randhir Pannu 5 years, 5 months ago

Do hi j

Yogita Ingle 5 years, 5 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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