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Consumer equilibrium

Course Reviews

Track :

Business
Course Presenter :

Commerce lectures

Lessons no : 9

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What will you learn in this course?
  • Understand how consumers maximize utility through optimal allocation of income using cardinal and ordinal utility approaches
  • Analyze consumer choices with indifference curves, budget lines, and marginal utility to determine equilibrium points
  • Evaluate the impact of income and price changes on consumer equilibrium, including income and substitution effects
  • Apply concepts of consumer behavior and demand patterns to real-world economic decision-making
  • Interpret diagrams and practical examples to illustrate consumer utility maximization and equilibrium analysis
  • Develop skills to assess how rational consumers make optimal purchasing decisions within budget constraints

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Lessons | 9


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4.5
2 Reviews
Shubham

Amazing easy to understand and i easy to learn thanku mindluster 2025-08-03

csc succes

good 2025-07-30

Pradeep Belwal

Good 2025-07-12

Hanifat Oreoluwa

It is not so organized 2025-06-13

Aaiza Maryam

It was worth watching. 2025-05-27

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Consumer equilibrium, in this course understand how consumers make optimal choices to maximize satisfaction within their budget. In this course, we will learn about the concept of consumer equilibrium, which describes the point at which a consumer allocates income in a way that provides the highest possible utility without exceeding their budget. We will explore two main approaches: the cardinal utility approach, where equilibrium occurs when the marginal utility per unit of currency is equal across all goods, and the ordinal utility approach, using indifference curves and budget lines to analyze choices. You’ll also study the effects of changes in income and prices on equilibrium, including income and substitution effects. With diagrams, practical examples, and exercises, this course builds a strong foundation for students of economics, helping them understand consumer behavior and demand patterns. Join now to master the principles of rational consumer decision-making. Commerce lectures