A consumer attains equilibrium at such level where marginal utility derived from the consumption of a commodity is equal to its one unit price. ... If the marginal utility of a product is higher than its price, a consumer will consume more of it until marginal utility falls and reaches the price level.

How is consumer equilibrium achieved?

According to the law of equi-marginal utility a consumer will be in equilibrium when the ratio of marginal utility of a commodity to its price equals the ratio of marginal utility of other commodity to its price.

Does consumer always attain equilibrium explain?

Consumer equilibrium refers to a situation, in which a consumer derives maximum satisfaction, with no intention to change it and subject to given prices and his given income. ... So, a consumer always tries to remain at the highest possible indifference curve, subject to his budget constraint.