Economy, asked by Kamalchaudhary6302, 1 year ago

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

Answers

Answered by 29Aisha
10

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 .

Answered by Kingtgreat
1

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.

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