Question

Q. 3. The indifference curve means --------

1.Equal consumption of two goods

2.Equal utility from the consumption of two combinations of goods

3.Equal consumer income

4.Equal prices of the goods consumed

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Answer 1

Answer:

1 option will be correct

Answer 2

The indifference curve means --------

a curve on a graph (the axes of which represent quantities of two commodities) linking those combinations of quantities which the consumer regards as of equal value.