Economics · Microeconomics
In the case of two commodities X and Y, consumer equilibrium is achieved when which of the following conditions is satisfied?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Py / MUy = Px / MUx
- 2MUx * Px = MUy * Py
- 3Px / Py = MUy / MUx
- 4MUx / Px = MUy / Py✓
Correct answer
MUx / Px = MUy / Py
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