Question

indifference curve with example​

Answer 1

Answer:

In economics, an indifference curve connects points on a graph representing different quantities of two goods, points between which a consumer is indifferent.

Explantion:

The rate gives a convex shape to the indifference curve. ... Two commodities are perfect substitutes for each other – In this case, the indifference curve is a straight line, where MRS is constant. Two goods are perfect complementary goods – An example of such goods would be gasoline and water in a car.