Consumer Equilibrium Class 11 Notes Free Upd Jun 2026

In the case of a single good (say, apples), a consumer is in equilibrium when the of the good equals its Price (P) .

: The consumer will buy more of X and less of Y until the ratios become equal again. 5. Indifference Curve (IC) Analysis consumer equilibrium class 11 notes free

| Units Consumed | TU (Total) | MU (Marginal) | Trend | | :---: | :---: | :---: | :--- | | 1 | 10 | 10 | Rising TU | | 2 | 22 | 12 | Rising TU | | 3 | 30 | 8 | Rising but slow | | 4 | 34 | 4 | TU maximum (Saturation) | | 5 | 34 | 0 | TU constant | | 6 | 30 | -4 | TU falling | In the case of a single good (say,

: The consumer increases consumption because the benefit is higher than the cost. Indifference Curve (IC) Analysis | Units Consumed |

The consumer will allocate income such that the last rupee spent on each good yields the same marginal utility .

Understand the Concept of Consumer Equilibrium & its Formula in Class 11