A consumer is said to be in equilibrium, if:

PYQ SSC JE (Junior Engineer) 2014

A consumer is said to be in equilibrium, if:

  1. A.

    He is able to locate new sources of income.

  2. B.

    He is able to fulfill his needs with a given level of income.

  3. C.

    His income and expenditure are equal.

  4. D.

    He can fulfill his needs without consumption of certain items.

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