how is equilibrium of the consumer affected when mum happens to rise a

1.	how is equilibrium of the consumer affected when mum happens to rise and px is constant
Answer» If marginal utility of money begins to rise while price remains constant then this implies that marginal utility of a rupee spent on the commodity (MUx/px) is less than the marginal utility of money (MUm) ). In this case, the consumer would reduce consumption of commodity till he again finds equality between the two.

Discussion