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No consumer is not in equilibrium because mux/px is less than muy/py. Now the consumer will consume more units of good y in place of x as it offers him greater satisfaction.as consumption of y increase mu of y will decrease and mu of x will rise due to less consumption . Thus the consumer reaches once again in equilibrium when mux/px= muy/py.

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Why APS always be less than 1??????

Posted by Ansh Jain 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Runjhun Sharma 7 years, 11 months ago

Aps is less than 1 becuse saving can never be greater than income.

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Two similar features of perfect competition and monopolistic competition

Posted by Aman Bhatt 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Ekampreet Kaur 7 years, 11 months ago

Free entery exit,large no. Of buyers and sellers

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Ansh Jain 7 years, 11 months ago

(1)large number of buyers and sellers (2) AR is equal to AC

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Is personal income and disposable income deleted

Posted by Shubham Rawat 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Anhad Kaur 7 years, 11 months ago

Yes, you can check the syllabus also

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Which chapter should i prepare to score at least 60 in eco. Becoz my eco. Is very weak

Posted by Samarpita Modi 7 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Vaidehi Saraf 7 years, 11 months ago

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Vaidehi Saraf 7 years, 11 months ago

I should especially prepare govt.budget and the economy ch as it is the only ch in the unit

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Priyanka Bansal 7 years, 11 months ago

3rd & 4th chapter of macroeconomics & supply of money Demand & supply in microeconimics Balance of payment Cardinal & ordinal measurement of utility U have no need to prepare all the chapter but there are some topics which r important so prepare only those topics...

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Why ic downward sloping?

Posted by Krishan Garg 7 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

Prachi Patidar 7 years, 11 months ago

Ic is downward sloping because to gain an additional unit of x some units of y must be sacrificed so the total satisfaction across all bundles remains same.

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Prachi Bhaskar 7 years, 11 months ago

because of monotonous preference consumer

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what is cartels

Posted by Nandini Chawla 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Priyanka Bansal 7 years, 11 months ago

When to or more than two firms make group to protect their interest or grouping of two or more firms to protect their interests.

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Why is 45° taken in AS?

Posted by Abc Xyz 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Shubhi Verma 7 years, 11 months ago

As we know both consumption and saving curve are function of income, also Y=C+S. Therefore AS will be equidistant from consumption and saving. So it will be taken as 45°.

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How are equilibrium price and quantity affected when demand and supply curves shift in the opposite direction?

Posted by Panja Boro 7 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

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Given the price of two goods how will a consumer decide as to how many units of these goods to consumer. Explain using ordinal approach? Plz jaldi???

Posted by Shreya Gautam 7 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Define consumer equallibrium

Posted by Kiren Shrestha 7 years, 11 months ago

CBSE > Class 12 > Economics

4 answers

Shivani Sagwal 7 years, 11 months ago

Where a consumer maximise his satisfaction in given income & price

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Kaur Kaur 7 years, 11 months ago

Than consumer satisfied by quantity or quality of the things what's he purchase

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Areeba Chouhan 7 years, 11 months ago

it is a situation where consumer maximise his satisfaction

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Jay Krishna Bhattar 7 years, 11 months ago

Consumer equilibrium is a condition when a consumer spends his given income in such a manner that he maximises his satisfaction

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As output increase per unit fixed cosr?

Posted by Prabhjot Saini 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Vinay Bhadana 7 years, 11 months ago

Per unit fixed cost refers to afc which keeps on decreasing with the increased level of output

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ANSWER

What is gross I investment

Posted by Prashant Modi 7 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Determinants of demand explain

Posted by Shubham Malik 7 years, 11 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

what is mean by flow and stock variable?

Posted by Tamuk Tapen 7 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Vinay Bhadana 7 years, 11 months ago

flow refers to the variable which is measured over a period of time whereas stock refers to the variable which is measured at a particular point of time

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What is quantity demanded?

Posted by Gautam Gupta 7 years, 11 months ago

CBSE > Class 12 > Economics