Question

. State briefly the concept of indifference curve.​

Answer 1

Explanation:

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.

Answer 2

Answer:

indifference curve is a diagrammatic presentation of an indifference set of a consumer . It shows different combination of two commodities ( like apple and oranges ) offering the same level of satisfaction to the consumer.