Notes Free |verified| | Consumer Equilibrium Class 11
Consumer Equilibrium Class 11 Notes (Free, Simple & Detailed)
Condition:
A consumer is in equilibrium when the marginal utility of the commodity (in terms of money) equals its price.
Situation:
The consumer has money income and wants to buy one good (e.g., Apples). The price per apple is fixed in the market. consumer equilibrium class 11 notes free