Consumers Equilibrium with Indifference Curve Approach
The concept of consumers equilibrium with the help of indifference curve approach is based on the idea that consumers aim to maximize their utility or satisfaction when making consumption decisions.

Indifference Curve
An indifference curve represents various combinations of two goods that give the consumer the same level of satisfaction or utility. The consumer is indifferent between these combinations because they provide the same level of satisfaction.

Consumers Equilibrium
Consumers equilibrium occurs when the consumer reaches the highest possible level of satisfaction given their budget constraint. This happens at the point where the budget constraint is tangent to the highest attainable indifference curve.

Diagram
In the diagram, the budget constraint represents the different combinations of goods that the consumer can afford. The indifference curve represents the various combinations of goods that give the consumer the same level of satisfaction. The point of consumers equilibrium is where the budget constraint is tangent to the indifference curve.

Explanation
At consumers equilibrium, the consumer allocates their income in a way that maximizes their satisfaction. Any point below the indifference curve represents a lower level of satisfaction, while any point above the indifference curve is unattainable given the budget constraint.
In conclusion, the indifference curve approach helps us understand how consumers make consumption decisions to maximize their satisfaction within the constraints of their budget. By analyzing the relationship between indifference curves and budget constraints, we can determine the consumers equilibrium point.