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MICROECONOMICS

Consumer Equiblirium

Introduction

Learning Objectives

After reading this chapter, you are expected to learn about: On reading this unit, you should be able to understand : 1.The consumer is to reach the highest indifference curve that is compatible with his budget constraint. 2.The consumer attains equilibrium when he is able to consume the most preferred commodity bundle which gives him the highest utility. 3. It is a state of stability where there is no tendency to rearrange the combinations of goods preferred by the consumer.

Nature and Scope of Economics

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Case Study

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	Activity
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Results

Key Terms

Extension exercise

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References and Bibliography

Further Readings