Answer to Question #265818 in Economics of Enterprise for KD Ali

Question #265818

What is Indifference Curve, explain with the help of diagram and also explain its

properties


1
Expert's answer
2021-11-14T17:42:51-0500

The indifference curve is a graphical representation of a consumer's choice between two goods. The position of each point on this curve characterizes such a combination of two goods or services (along the x and y axis), which brings the same utility to the individual.


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