Question

What do you mean by Indifference Curve in Economics ​

Answer 1

Definition of 'Indifference Curve' 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.

Answer 2

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 different from the two or all point give him the same utility.

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