1.

Illustrate the consumers equilibrium using indifference curves​

Answer»

ong>ANSWER:

Consumer equilibrium refers to a situation, in which a consumer derives maximum satisfaction, with no intention to change it and subject to given prices and his given income. The point of maximum satisfaction is ACHIEVED by studying INDIFFERENCE map and budget line together.

Explanation:

PLEASE VOTE ME AND THANKS ME ALSO FOLLOW ME



Discussion

No Comment Found