What is consumer equlibrium

1.	What is consumer equlibrium
Answer» consumer equilibrium refers to the situation when a consumer is having maximum satisfaction with limited income and as a no tendency to change his way of existing expenditure<br>Consumer’s Equilibrium :\xa0A consumer is said to be in equilibrium when he maximizes his satisfaction, given his money income and prices of two commodity. He attains equilibrium at that\xa0point where the slope of IC is equal to the slope of budget line.

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