Question

What is called Consumer Equilibrium ?​

Answer 1

Answer:

The state at which a consumer derives maximum utility from the consumption of one or more goods and services given his/her level of income is called consumer's equilibrium.

Answer 2

What is Consumer equilibrium?

Consumer equilibrium  can be regarded as a particular point that point at a consumer will reach where he derived so much utility from a commodity or at the peak of utility derivation.

At a particular fixed level of income and price of that commodity.

• It should be noted that at this point, it will be difficult for a consumer to deviate.

Learn more about Consumer equilibrium at;

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