Learning Contents:                                                              ·          Concept of Consumer’s Equilibrium. ·          Consumer’s Equilibrium- Schedule and Diagram : One commodity case.   Introduction As we all know that, a consumer pays some price to buy different goods and services, and also he cannot satisfy all his wants with the limited income. As per the law of diminishing marginal utility which states that utility derives from the consumption of each successive unit goes on falling. At the same time income also falls with the purchase of more and more units of goods and services. A rational consumer is one who plans to buy the goods and services in such a way that he gets more and more satisfaction while spending less amount of income. It is called consumer equilibrium. Consumer Equilibrium: Consumer equilibrium refers to a situation of maximum satisfaction while spending the given income on different goods and services and has no desire to change t