Question

Indifference Curve is related to:

1. Consumer's Income
2. Price of the commodities
3. Utility obtain from the commodities
4. Choices and preferences of the consumer​

Answer 1

Answer:

Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.

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Explanation:

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