Answer:
The basic condition fulfilling the condition of consumer?s equilibrium when two commodities according to utility analysis is: \[\frac{M{{U}_{x}}}{{{P}_{x}}}=\frac{M{{U}_{y}}}{{{P}_{y}}}\] If the price of X falls, per rupee marginal utility of X will increase and becomes more than of Y. the consumer will transfer expenditure from Y to X, and will buy more of X.
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