The consumer is in equilibrium when the following condition is satisfied:

CA Foundation · Business Economics · MTP · April 2025
The consumer is in equilibrium when the following condition is satisfied:
(A) A. MU X /P X > MU Y /P Y
(B) B. MU X /P X < MU Y /P Y
(C) C. MU X /P X = MU Y /P Y
(D) D. None of the above

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. MU X /P X = MU Y /P Y

Topics: Theory of Demand and Supply

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic