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What is an indifference curve? - Economics

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Question

What is an indifference curve?

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Solution

An indifference curve shows various combinations of two commodities which give equal amount of satisfaction to the consumer.

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Chapter 3: Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis - TEST YOURSELF QUESTIONS [Page 49]

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Frank Economics [English] Class 12 ISC
Chapter 3 Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis
TEST YOURSELF QUESTIONS | Q 13. | Page 49
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