What is called Consumer Equilibrium ?

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24-12-2021
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What is called Consumer Equilibrium ?

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ayfat23 ayfat23 · Answer 1 · 2022-01-26T17:38:14+01:00

What is Consumer equilibrium?

Consumer equilibrium can be regarded as a particular point that point at a consumer will reach where he derived so much utility from a commodity or at the peak of utility derivation.

At a particular fixed level of income and price of that commodity.

It should be noted that at this point, it will be difficult for a consumer to deviate.

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What is called Consumer Equilibrium ?​

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What is Consumer equilibrium?

Otras preguntas

What is called Consumer Equilibrium ?