InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What is conumer equilibrium |
| Answer» Consumer equilibrium is a situation when a consumer is having maximum satisfaction with limited income and has no tendency to change his way of existing expenditure<br>Yes<br>Equilibrium means a state of maximum satisfaction.Consumer’s equilibrium is a situation when he spends his given income on the purchase of one or more commodities in such a way that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities. | |