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When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility and price is:

A. Increased

B. Equalized

C. Prominent

D. Zero

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Correct Answer :

B. Equalized


in consumer equilibrium the ratios of marginal utilities of commodities and the prices are equalized .i.e, MUx /Px = MUy /Py = MUz /Pz

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