Lecture 9. consumer equilibrium (ordinal approach)

MOCK TEST
To update your knowledge regarding this topic appear the mock test and the link I have mentioned below
docs.google.co...
Here in this video I have discussed how consumer could reach to equilibrium point through ordinal approach through indifference curve and budget line. This is all about cardinal and ordinal approach. If still you have not gone through the videos of cardinal and ordinal approach then you can easily access those through the links i have mentioned below.
Rotation and Shift in Budget line : • Lecture 7. Shift and r...
Budget line: • Lecture 6. Budget line
Indifference Curve : • Lecture 8. Indifferenc...
Numerical of consumer surplus: • Lecture 5. Producer Su...
Consumer Surplus: • Lecture 3. Consumer Su...
LEMU: • Lecture 2. law of equi...
LDMU: • Lecture 1. law of dimi...
Cardinal Approach: • Consumer behavior #car...
Wealth: • Wealth and Want #w...
TU AND MU : • Total Utility Curve #u...
Utility and its types: • Utility and its types ...
Goods and services its classification : • Goods and Services its...
Economic System: • Economic System
Introduction to Economics (part 2): • Introduction to Econom...
Introduction to Economics (part 1): • Introduction to Econom...
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[@economicsataglancebyshruti8459]

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[@TrueCitizen-ou8pk]

You haven't touched on cardinal approach

[@economicsataglancebyshruti8459]

It’s there. Kindly check the playlist

[@TrueCitizen-ou8pk]

Please..which playlist....which lesson number?

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[@sidhantmanu4486]

In consumer's equilibrium do the consumer have to spend all his money income??

[@economicsataglancebyshruti8459]

It's all about consumer satisfaction....it's not concerned about full budget expenditure.

[@sidhantmanu4486]

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[@sidhantmanu4486]

Plz reply for the next question!

[@economicsataglancebyshruti8459]

Sure

[@sidhantmanu4486]

@@economicsataglancebyshruti8459 Mam how a consumer get maximum satisfaction at consumer's equilibrium, as their is no limit of maximum satisfaction for a consumer. Consumer would be more satisfied when he get max consumer surplus, which has no limit.

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Thanks You Mam