Question

Explain the indifference curve with the help diagram

Answer 1

Explanation:

Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. ... The above diagram shows the U indifference curve showing bundles of goods A and B. To the consumer, bundle A and B are the same as both of them give him the equal satisfaction

Answer 2

An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. ... The above diagram shows the U indifference curve showing bundles of goods A and B. To the consumer, bundle A and B are the same as both of them give him the equal satisfaction.

Hope this helps you!!

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