CA CPT Model Test Paper 7 with solutions for online practice

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Question : 131 of 200

Marks: +1, -0

The consumer is in equilibrium when the following condition is satisfied:

${ M U _ { x } }/ { M U _ { y } } > { P _ { x } } /{ P _ { y } }$
${ M U _ { x } }/ { M U _ { y } } < { P _ { x } } /{ P _ { y } }$
${ M U _ { x } }/ { M U _ { y } } = { P _ { x } } /{ P _ { y } }$
None of the above.

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