Learning Contents:                                                               ·          Concept of consumer’s equilibrium ·          Assumptions of consumer’s equilibrium ·          Conditions of consumer’s equilibrium using indifference curve analysis and Budget constraints. Consumer’s equilibrium A consumer is in a state of equilibrium when he spends his entire income on the purchase of one or more goods in such a way that his level of satisfaction is maximized and has further no desire to change his level of expenditure. Here, the concept of indifference curve and budget line would be used to understand the concept of consumer’s equilibrium. Consumer’s equilibrium= Maximization of satisfaction+ Full utilization of budget. Assumptions of consumer’s equilibrium 1. Two Goods: The consumer purchases only two goods, X and Y.   2. Fixed Price: The prices of the goods are given & constant named as p x  and p Y . The consumer cannot change or influence thes