CBSE Class 12 Economics-Consumers Equilibrium

Scroll down for PDF

CBSE Class 12 Economics-Consumers Equilibrium. Students can download the specific chapters from the CBSE and NCERT text books from Please refer to the attached file to access the chapters. The books and specific chapters have been collected by the tutors on studiestoday for the benefit of CBSE students. They can access these chapters anywhere and use them for their studies.




A consumer is one who buys goods and services for satisfaction of wants. The objective of a consumer is to get maximum satisfaction from spending his income on various goods and services, given prices.

We start with a simple example. Suppose a consumer wants to buy a commodity. How much of it should he buy? One of the approaches used for getting an answer to this question is 'utility' analysis. Before using this approach, we would like to familiarize ourselves with some basic concepts used in this approach,


The term utility refers to the want satisfying power of a commodity. Commodity will possess utility only if it satisfies a want. Utility differs from person to person, place to place, and time to time. Marginal Utility is the utility derived from the last unit of a commodity purchased. It can also be defined as the addition to the total utility when one more unit of the commodity is consumed. Total Utility is the sum of the utilities of all the units consumed.

As we consume more units of a commodity, each successive unit consumed gives lesser and lesser satisfaction, that is marginal utility diminishes. It is termed as the Law of Diminishing Marginal Utility.

Please refer to the link below for - CBSE Class 12 Economics-Consumers Equilibrium


Download PDF Allowed?: 


Click on the text For more study material for Other Subjects please click here - Other Subjects

Latest NCERT & CBSE News

Read the latest news and announcements from NCERT and CBSE below. Important updates relating to your studies which will help you to keep yourself updated with latest happenings in school level education. Keep yourself updated with all latest news and also read articles from teachers which will help you to improve your studies, increase motivation level and promote faster learning

CBSE postpones class 12 exams in Delhi

The Central Board of Secondary Education (CBSE) on Wednesday postponed the board examination of standard XII scheduled for Thursday, that is, on the 27th February 2020 for the areas of north - east Delhi affected by communal riots. The rescheduled date for the exam is...

Critical notice issued by CBSE relating to Boards and other classes

Critical notice issued by CBSE relating to Boards and other classes

CBSE Board examination 2020 Admit card

The admit card for CBSE 10th & 12th 2020 has been released online by the CBSE Board at The admit card is available to private as well as regular students. Private applicants may access the CBSE admit card 2020 by submitting their application number,...

Some last minute helpful tips and tricks for CBSE board exam

CBSE board exams are just around the corner. Students of CBSE class 10th and class 12th are preparing hard to appear in the CBSE board examination 2020, they are looking for last-minute tips and tricks to get good score in the board exam. However, during examination,...

CBSE chairman Anita karwal wrote a motivational letter to board candidates

CBSE chairman Anita karwal wrote a motivational letter to board candidates before the CBSE board Exam The CBSE (Central Board of Secondary Education) class 10th and 12th board exams are starting from 15 February 2020. Not only the students, their parents are also tense...

CBSE Board Results for Class 10 and Class 10

Anticipated CBSE result 2020 Date and Time: This is all you wish to know! Here is the news which all students are waiting for. The expected date and time for the CBSE Class X and XII Results 2020 can be viewed here by the students. CBSE Result 2020: The Central Board...

Studies Today