Economics · Consumer Behaviour
At which point is the state of consumer equilibrium achieved?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Where the ratio of marginal utility to price is equal across different commodities✓
- 2Where the price of all commodities is the same
- 3Where the demand for commodities is zero
- 4Where the cost of production is minimized
Correct answer
Where the ratio of marginal utility to price is equal across different commodities
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