The iPad disrupted consumer equilibrium because consumers concluded en masse that iPads had a marginal-utility-to-price ratio (MU/P) that was higher than the ratios for other products.
Consumer equilibrium refers to the situation in which a consumer has no intention of changing it and depends on a given price and his given income for maximum satisfaction.
Explains the concept of consumer balance using appropriate charts and graphs. Consumers are said to be balanced when they feel that they cannot change their condition by earning more, spending more, or changing the amount of what they buy.
When purchasing a unit of a product, the consumer compares the price of a particular product to its utility. If the marginal utility (in terms of money) is equal to the price paid for the goods, for example, an "X", that is, MUx = PX, the consumer is in equilibrium.
Learn more about equilibrium here: https://brainly.com/question/24735820
#SPJ4