Question

Explain the shape of the indifference curve.

Answer 1

Answer:

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Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. ... Description: Graphically, the indifference curve is drawn as a downward sloping convex to the origin. The graph shows a combination of two goods that the consumer consumes.

Answer 2

Answer:

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Explanation:

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