User:Sanghamitra/sanghmitra 2

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SLMtitle.png Consumer Equiblirium

SLMinto.png Introduction

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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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Extension exercise

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SLMref.png References and Bibliography

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