Question

what do you mean by indifference curve explain its charactersics​

Answer 1

Answer:

An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. ... The above diagram shows the U indifference curve showing bundles of goods A and B. To the consumer, bundle A and B are the same as both of them give him the equal satisfaction.

Answer 2

Answer:

Definition: An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. ... The above diagram shows the U indifference curve showing bundles of goods A and B. To the consumer, bundle A and B are the same as both of them give him the equal satisfaction.