Consumer’s Equilibrium [ Cardinal and Ordinal Approach ]
Q. Explain consumer’s equilibrium in case of single commodity (through utility approach). Ans The Law of DMU can be used to explain consumer’s equilibrium in …
Deciphering the Economics
Q. Explain consumer’s equilibrium in case of single commodity (through utility approach). Ans The Law of DMU can be used to explain consumer’s equilibrium in …
Consumer’s Equilibrium Consumer: A person who decides what and how much to consume in order to get the satisfaction of his wants. Equilibrium: The word …