Register
What is meant by consumer's equillibrium and how it is related to the demand of a product?
204k views
3 votes
What is meant by consumer's equillibrium and how it is related to the demand of a product?

User Jostrander
by
6.3k points

1 Answer

1 vote

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.

Step-by-step explanation:

User The Blue Dog
by
6.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.8m answers

Other Questions

In what sense is the passage a challenge to medieval views and methods? galileo used mathematics to understand the universe, but scholars of the middle ages believed that knowledge came from god. galileo
What caused the Great Rift Valley and the Great Escarpment? flooding glaciers plate movement precipitation
During the 19th Century rubber was produced in the Congo Free State amidst horrendous conditions of forced labor. The Congo Free State was under the control of which colonial power?
What system prepares the body for the fight-or-flight response in stressful situations? Somatic nervous system Sympathetic nervous system Parasympathetic nervous system Central nervous system
Knowing indicators of an unstable person can allow you to identify a potential insider threat before an incident
Link Copied!