Answer to Question #167619 in Microeconomics for Dari Yahuza

Question

Must a consumer purchase some quantity of each commodity to be equilibrium

Answer 1

No

A consumer purchasing a single commodity will be at equilibrium, when he is buying such a quantity of that commodity, which gives him maximum satisfaction. The number of units to be consumed of the given commodity by a consumer depends on 2 factors;

i) Expected utility (Marginal utility) from each successive unit.

ii) Price of the given commodity.