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Consumer’s equilibrium means?
  • a)
    The point from where the consumer starts his consumption
  • b)
    The position which the consumer cannot attain because his income is low
  • c)
    The position of rest or maximum satisfaction with given income and prices
  • d)
    The position of frequent movement in all directions
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Consumer’s equilibrium means?a)The point from where the consumer...
A consumer is an individual or household that purchases goods and services for their personal use or consumption. They play a crucial role in the economy by driving demand and influencing market trends. Consumers make choices based on their needs, preferences, and budget constraints. They can be categorized into various types, such as impulse buyers, price-conscious consumers, brand loyalists, or environmentally conscious consumers. Consumer behavior is influenced by factors such as advertising, social media, peer recommendations, and personal experiences. Companies conduct market research to understand consumer needs and develop products and marketing strategies to attract and retain them.
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Consumer’s equilibrium means?a)The point from where the consumer starts his consumptionb)The position which the consumer cannot attain because his income is lowc)The position of rest or maximum satisfaction with given income and pricesd)The position of frequent movement in all directionsCorrect answer is option 'C'. Can you explain this answer?
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