What is consumer equilibrium?

1.	What is consumer equilibrium?
Answer» Consumer’s Equilibrium : -consumer equilibrium is a state of balance (rest) for the consumer from where he doesn’t want to move either forward or backward. This is achieved when consumer gets maximum satisfaction with given income and he doesn’t want to change his way of existing expenditure.<br>Consumer Equilibrium refers to the situation when a consumer is having maximum satisfaction with limited income and has no tendency to change his way of existing expenditure.

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