Explain consumer equilibrium with the help of indifference curve approach. Explain with the help of diagram.
Hey Upasana,
This topic is explained in detail in our study material. You can refer to the same following the below mentioned path.
Chapter-2 (named as ' Theory of Consumer Behaviour ')- Lesson-3 (named as 'Ordinal Approach - Indifference Curve Analysis, Marginal Rate of Substitution, Optimal Choice and Consumer Equilibrium ' )-under the topic ' Optimal Choice of Consumer and Equilibrium'
This topic is explained in detail in our study material. You can refer to the same following the below mentioned path.
Chapter-2 (named as ' Theory of Consumer Behaviour ')- Lesson-3 (named as 'Ordinal Approach - Indifference Curve Analysis, Marginal Rate of Substitution, Optimal Choice and Consumer Equilibrium ' )-under the topic ' Optimal Choice of Consumer and Equilibrium'