Answer to Question #166505 in Microeconomics for Constance Adu

Question

If Alan is indifferent between Coke and peppsi ,what would Alan's indifference curve look like

Answer 1

Figure 6.a.3 illustrates the indifference curves for Pepsi and Coke.

Allan, the consumer refers to both commodities as perfect substitute and the consumer’s perceptions towards the products regards both as equal and can replace each other appropriately