Consumer Equilibrium Class 11 Notes -

1. Introduction Consumer Equilibrium refers to a situation where a consumer maximizes their total utility (satisfaction) given their income and the prices of goods and services. At this point, the consumer has no tendency to change their spending pattern.

| Units | MUx | MUy | |-------|-----|-----| | 1 | 20 | 16 | | 2 | 16 | 12 | | 3 | 12 | 8 | | 4 | 8 | 4 | | 5 | 4 | 2 | consumer equilibrium class 11 notes