Economy, asked by gohainabhijit350, 16 days ago

explain income consumption curve

Answers

Answered by pbristi546

Answer:

Income-consumption curve is a graph of combinations of two goods that maximize a consumer's satisfaction at different income levels. It is plotted by connecting the points at which budget line corresponding to each income level touches the relevant highest indifference curve.

Previous Question

Next Question

Similar questions

English, 8 days ago

They opened a new shopping mall - change into passive voice...

Science, 8 days ago

what questions would you ask your teacher to know about method to save electricity...

Chemistry, 8 days ago

write resonating structure for chlorobenzene...

English, 16 days ago

Imagine that you are the narrator. Write the diary entry in about 150-200 words. Remember that your focus should be not so much on the incidents but on the thoughts and feelings which those incidents aroused in you (the narrator). What kind of an impact did the visit to Verona and meeting the boys have on you (the narrator)? Did it change you (the narrator) in any way!

Computer Science, 16 days ago