CONSUMER'S EQUILIBRIUM (TWO COMMODITY CASE) | UNIT 2 | LECTURE 15 | CLASS 11 | SHUBHAM THAKUR

"Welcome to S.P. Classes, your go-to destination for comprehensive learning in the commerce stream! At S.P. Classes, we pride ourselves on delivering high-quality educational content tailored to CBSE curriculum standards. Whether you're tackling accountancy, economics, business studies, or any other commerce-related subject, our channel has you covered. With a clear and simple approach, we break down complex topics into easily understandable concepts, making learning a breeze. Join our community of students and educators as we embark on a journey of knowledge and academic excellence. Subscribe now and unlock the keys to success in your commerce studies!"

ABOUT VIDEO :-
In this video, you explore consumer equilibrium for two commodities through two approaches:

1 Tabular Method
You present a table showing different combinations of the two commodities, their costs, and total satisfaction levels. You then pinpoint the combination where satisfaction is maximized for the given budget.

2 Diagrammatic Method
You use a graph to display the budget constraint and satisfaction curves, identifying the equilibrium point where the optimal combination of the two commodities is achieved for maximum satisfaction.

this video effectively demonstrates how consumers balance their purchases to achieve maximum satisfaction using these methods.