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What do you mean by concept of consumer's equilibrium?
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What do you mean by concept of consumer's equilibrium?
Consumer equilibrium

the point where a consumer’s spending results in maximum satisfaction
Community Answer
What do you mean by concept of consumer's equilibrium?
It refers to the situation when a consumer is having maximum satisfaction with limited or given income & has no tendency to change his way of existing expenditure.
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What do you mean by concept of consumer's equilibrium?
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