Commerce Exam > Commerce Questions > Consumers equilibrium Related: Frequently As...
Start Learning for Free
Consumers equilibrium
Verified Answer
Consumers equilibrium Related: Frequently Asked Questions - Consumer'...
When consumers make choices about the quantity of goods and services to consume, it is presumed that their objective is to maximize total utility. In maximizing total utility, the consumer faces a number of constraints, the most important of which are the consumer's income and the prices of the goods and services that the consumer wishes to consume. The consumer's effort to maximize total utility, subject to these constraints, is referred to as the consumer's problem. The solution to the consumer's problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium.
This question is part of UPSC exam. View all Commerce courses
|
|
Explore Courses for Commerce exam
|
|
Similar Commerce Doubts
Top Courses for CommerceView all
Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics
Question Description
Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics.
Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics.
Solutions for Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics defined & explained in the simplest way possible. Besides giving the explanation of
Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics, a detailed solution for Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics has been provided alongside types of Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics theory, EduRev gives you an
ample number of questions to practice Consumers equilibrium Related: Frequently Asked Questions - Consumer's Equilibrium and Demand, Class 12, Economics tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup