sheshaa sheshaa

01-12-2021
Social Studies

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What is meant by consumer's equillibrium and how it is related to the demand of a product?

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myk68012 myk68012

11-12-2021

Answer:

Consumer equilibrium refers to a scenario in which a consumer derives maximum happiness from the consumption of one (or more) things with his current income and price, and has no desire to change.

Explanation:

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