Archive | Consumer’s Equilibrium

Consumer’s Equilibrium (With Diagram)

In this article we will discuss about the concept of consumer’s equilibrium, explained with the help of suitable diagrams and graphs. A consumer is said to be in equilibrium when he feels that he "cannot change his condition either by earning more or by spending more or by changing the quantities of thing he buys". A rational consumer will purchase [...]

By |2017-01-13T05:58:26+05:30January 13, 2017|Consumer's Equilibrium|Comments Off on Consumer’s Equilibrium (With Diagram)

Consumer’s Equilibrium: Meaning, Conditions and Corner Solutions

In this article we will discuss about Consumer's Equilibrium. After reading this article you will learn about: 1. Meaning of Consumer’s Equilibrium 2. Assumptions 3. Conditions 4. Corner Solutions. Meaning of Consumer’s Equilibrium: A consumer is in equilibrium when given his tastes, and price of the two fig 15 goods, he spends a given money income on the purchase of [...]

By |2016-03-02T04:27:04+05:30March 2, 2016|Consumer's Equilibrium|Comments Off on Consumer’s Equilibrium: Meaning, Conditions and Corner Solutions
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