Question

What is Indifference Curve? Explain the characteristics of Indifference Curve.

Answer 1

Indifference curve :-

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

Explanation:

░➤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.