When does a consumer attain equilibrium in IC analysis? – InterviewSolution

1.	When does a consumer attain equilibrium in IC analysis?
Answer» The consumer attains equilibrium in IC analysis when the Budget Line is tangent to the Indifference Curve. At the tangential point, the Budget line and the Indifference curve have exactly the same slope. Here, the MRS of Product X and Y are equal to the price ratio of two goods.

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