PLEASE CHECK THE ANSWER
Dear student,
The theoretical explanation provided by you is correct. However, you need to provide the diagrammatic explanation as well.
This topic has been extensively covered in our study material. You can view the same using the below mentioned path:
Class 12- Studymaterial- Economics- Microeconomics- Theory of Consumer Equilibrium- Ordinal Approach
The theoretical explanation provided by you is correct. However, you need to provide the diagrammatic explanation as well.
This topic has been extensively covered in our study material. You can view the same using the below mentioned path:
Class 12- Studymaterial- Economics- Microeconomics- Theory of Consumer Equilibrium- Ordinal Approach