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MICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsMICROECONOMICS CH : 3 CONSUMER'S EQUILIBRIUM UTILITY ANALYSIS1 Mark
Question
What is the meaning of consumer's equilibrium?
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Answer

A consumer is in a state of equilibrium when he maximises his satisfaction by spending his given income on different goods and services.

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