The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) ______ marginal-utility-to-price ratio to ipads as a way to increase total utility.

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01-06-2022
Business

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The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) ______ marginal-utility-to-price ratio to ipads as a way to increase total utility.

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Abiolataiwo2015idn Abiolataiwo2015idn · Answer 1 · 2022-06-07T06:45:53-04:00

The ipad disrupted consumer equilibrium because spending shifted from alternative products with a(n) lower marginal-utility-to-price ratio to ipads as a way to increase total utility.

What is consumer equilibrium?

Consumer's Equilibrium can be defined as the satisfaction a consumer derived from using a product.

Total utility and marginal utility work together or hand in hand as it tend to determine the satisfaction a consumer derived after a product consumption.

Therefore an increase in total utility can tend to lower marginal utility.

Learn more about Consumer's Equilibrium here:https://brainly.com/question/26059468

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Sagot :

What is consumer equilibrium?

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