Consumer Equilibrium: Class 11 Economics Notes Consumer Equilibrium is a state where a consumer derives maximum satisfaction from their expenditure, given their income and the prices of goods. In this state, the consumer has no urge to change their consumption pattern. 1. Utility Analysis (Cardinal Approach)
: The consumer is getting more satisfaction than the cost and will buy more. consumer equilibrium class 11 notes free
Prices of the goods are given and remain constant. Properties: Downward sloping, convex to the origin, never
