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प्रश्न
State the conditions of consumer’s equilibrium in case of indifference curve approach?
अति संक्षिप्त उत्तर
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उत्तर
The conditions of Consumer's Equilibrium by Indifference Curve Approach are:
(i) MRSXY = Ratio of prices or `P_X/P_Y`; and (ii) MRS continuously falls.
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