Arrange the following stages of Consumer's Equilibrium in the correct sequence under the utility analysis

(A) Marginal Utility becomes equal to the price of a commodity

(B) Marginal utility, derived from a commodity X is greater than Px

(C) Increase the consumption of commodity X

(D) The consumer reallocates expenditure to maximize satisfaction.

Choose the correct answer from the options given below:

Option 1 -> Incorrect sequence - starts with equilibrium condition rather than disequilibrium.

Option 2 -> Correct sequence - (B) MU > Px indicates disequilibrium → (D) Consumer reallocates expenditure → (C) Increases consumption of X → (A) MU = Px achieving equilibrium.

Option 3 -> Incorrect - places equilibrium condition (A) before consumption increase (C).

Option 4 -> Incorrect - starts with consumption increase without establishing initial disequilibrium condition.

Hence, Option 2: (B), (D), (C), (A) -> Under utility analysis, consumer equilibrium follows a logical sequence: First, the consumer identifies that marginal utility from commodity X exceeds its price (MU > Px), indicating they're getting more satisfaction per rupee than the price paid. This disequilibrium prompts the consumer to reallocate their expenditure to maximize total satisfaction. As part of this reallocation, the consumer increases consumption of commodity X. Due to the law of diminishing marginal utility, as consumption increases, MU falls until it eventually equals the price (MU = Px), achieving consumer equilibrium where satisfaction is maximized. -> correct