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Solution - Conditions of Consumer's Equilibrium Using Marginal Utility Analysis

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Question

A consumer consumes only two goods X and Y. Marginal utility of each is 2. The price per unit of X and Y is Re 1 and Rs 2 respectively. Is the consumer in equilibrium? What will be the further reaction of the consumer? Explain.

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Solution for concept: Conditions of Consumer's Equilibrium Using Marginal Utility Analysis. For the courses 12th CBSE (Arts), 12th CBSE (Commerce), 12th CBSE (Science)
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