Consumer Equilibrium Class 11 Notes Free [upd] Jun 2026

: A consumer reaches equilibrium when the marginal utility ( MUcap M cap U ) of the product is equal to its price ( Condition : , the consumer buys more until MUcap M cap U falls to meet the price.

We look for equality: ( \fracMU_xP_x = \fracMU_yP_y ) consumer equilibrium class 11 notes free

A consumer always prefers more of a commodity as it offers higher level of satisfaction. : A consumer reaches equilibrium when the marginal