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Consumer’s Equilibrium Through Indifference Curve


The consumer spends all his income to maximise his satisfaction it is called consumer equilibrium. It s not possible to know the consumer equilibrium by indifference curve only. For this we must know the income of the consumer and price of the goods. Therefore we should consider both indifference map and price line. If we incorporate the price line into indifference map we can get consumer equilibrium.

Note: This is published for the internal use (of St. Philomena's College students) only and hence requires verification. 
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