Theory of consumer behaviour — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour1 Mark
Question
What is meant by consumer's equilibrium?
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Answer
Consumer's equilibrium may be defined as a situation under which a consumer gets maximum level of satisfaction, within his given money income and given market price of the two commodities and has no desire to change from that situation.
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