When Ramona is in consumer equilibrium
A) her total utilities of all goods are equal.
B) she is maximizing her utility, given her income and the prices of goods and services.
C) her total utility per dollar spent is equal for all goods.
D) any change in prices would make her worse off.

Question

Quizplus · Accepted Answer

Consumer equilibrium is achieved when a consumer is maximizing their utility, given their income and the prices of goods and services.

When Ramona Is in Consumer Equilibrium