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When P_(x) != P_(y), then consumer is at equilibrium when MU_(x) = MU_(y) |
Answer» <html><body><p><<a href="https://interviewquestions.tuteehub.com/tag/p-588962" style="font-weight:bold;" target="_blank" title="Click to know more about P">P</a>></p>Solution :Equilibrium <a href="https://interviewquestions.tuteehub.com/tag/conditions-424384" style="font-weight:bold;" target="_blank" title="Click to know more about CONDITIONS">CONDITIONS</a> of the consumer can be <a href="https://interviewquestions.tuteehub.com/tag/stated-7313961" style="font-weight:bold;" target="_blank" title="Click to know more about STATED">STATED</a> as `MU_(x) = MU_(y) " only when " P_(x) = P_(y)`.</body></html> | |