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geniusboy [140]
2 years ago
11

The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) ______ marginal-utility-to-

price ratio to ipads as a way to increase total utility.
Business
1 answer:
natka813 [3]2 years ago
8 0

The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) <u>lower </u>marginal-utility-to-price ratio to ipads as a way to increase total utility.

<h3>What is consumer equilibrium?</h3>

Consumer's Equilibrium can be defined as the satisfaction a consumer derived from using a product.

Total utility and marginal utility work together or hand in hand  as it tend to determine the satisfaction a consumer derived after a product consumption.

Therefore an increase in total utility can tend to lower marginal utility.

Learn more about Consumer's Equilibrium here:brainly.com/question/26059468

#SPJ1

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