Question

what is indifference set and indifference curve

Answer 1

In economics, an indifference curveconnects points on a graph representing different quantities of two goods, points between which a consumer is indifferent. ... In other words, an indifference curve is the locus of various points showing different combinations of two goods providing equal utility to the consumer.

Answer 2

Answer:

Indifference set refers to those combinations of two goods which offer the consumer the same level of satisfaction.

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.