Скачать или смотреть CONSUMER'S EQUILIBRIUM IN CASE OF ONE COMMODITY| CLASS 11 MICROECONOMICS

The state of maximum satisfaction is called consumer equilibrium. The state of balance obtained by the consumer of a product to a different number of goods and services they consume, with their current income level and the product’s cost. Consumer equilibrium permits the maximum limit of possible satisfaction consumers achieves at the current income. In more simple words, consumer equilibrium is the term used to describe the case where the consumer spends their income on purchasing goods or services to get maximum satisfaction and has no desire or need to change the consumption, given the prices of commodities are acceptable. 


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Consumer equilibrium
   • Class 11 Economics: Consumer Equilibrium |...