Sep 23, 2022 · Consumer equilibrium is a point at which a consumer gets maximum satisfaction from the commodities given his or her income and prices.

A consumer is in equilibrium when they feel that they can't improve their situation by earning more money, spending more, or changing the number of things they buy.

A consumer is said to be in equilibrium when he feels that he “cannot change his condition either by earning more or by spending more or by changing the quantities of thing he buys”.

Consumer equilibrium refers to the state where an individual consumer has allocated their limited budget across different goods and services in a way that maximizes their overall satisfaction or utility.

Consumer Equilibrium is the state at which a consumer is obtaining the highest possible level of satisfaction, or utility, out of the goods and services he or she purchases given a budget constraint.

Consumer equilibrium is the point at which a consumer maximises total satisfaction (utility) within a limited income. At this point, the marginal utility per unit of currency is equal across all goods or …

A situation where a consumer spends his given income purchasing one or more commodities so that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of …