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What is meant by consumer’s equilibrium?

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प्रश्न

What is meant by consumer’s equilibrium?

अति संक्षिप्त उत्तर
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उत्तर १

A utility-maximising consumer will be in equilibrium when he purchases that much quantity of the commodity where the marginal utility of the commodity equals its price.

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उत्तर २

Consumer’s Equilibrium refers to a situation when a consumer is having maximum satisfaction with his limited income and has no tendency to change his existing way of expenditure.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [पृष्ठ २.५४]

APPEARS IN

संदीप गर्ग Introductory Microeconomics [English] Class 11
पाठ 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 10. | पृष्ठ २.५४
फ्रँक Economics [English] Class 12 ISC
पाठ 3 Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis
TEST YOURSELF QUESTIONS | Q 25. | पृष्ठ ५३
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