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 indiffe...