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Consumer’s equilibrium means?
  • a)
    The position of rest or maximum satisfaction with given income and prices
  • b)
    The point from where the consumer starts his consumption
  • c)
    The position which the consumer cannot attain because his income is low
  • d)
    The position of frequent movement in all directions
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consumer’s equilibrium means?a)The position of rest or maximum s...
consumer equilibrium is a state of balance  for the consumer from where he doesn’t want to move either forward or backward. This is achieved when consumer gets maximum satisfaction with given income and he doesn’t want to change his way of existing expenditure.
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Consumer’s equilibrium means?a)The position of rest or maximum satisfaction with given income and pricesb)The point from where the consumer starts his consumptionc)The position which the consumer cannot attain because his income is lowd)The position of frequent movement in all directionsCorrect answer is option 'A'. Can you explain this answer?
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Consumer’s equilibrium means?a)The position of rest or maximum satisfaction with given income and pricesb)The point from where the consumer starts his consumptionc)The position which the consumer cannot attain because his income is lowd)The position of frequent movement in all directionsCorrect answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Consumer’s equilibrium means?a)The position of rest or maximum satisfaction with given income and pricesb)The point from where the consumer starts his consumptionc)The position which the consumer cannot attain because his income is lowd)The position of frequent movement in all directionsCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consumer’s equilibrium means?a)The position of rest or maximum satisfaction with given income and pricesb)The point from where the consumer starts his consumptionc)The position which the consumer cannot attain because his income is lowd)The position of frequent movement in all directionsCorrect answer is option 'A'. Can you explain this answer?.
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