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Indifference curve depicts
  • a)
    An equal quantity curve of a consumer
  • b)
    Satisfaction
  • c)
    Affordability
  • d)
    None of above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Indifference curve depictsa)An equal quantity curve of a consumerb)Sat...
An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curveindicates that a consumer is indifferent between the two and all points give him the same utility.
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Indifference curve depictsa)An equal quantity curve of a consumerb)Satisfactionc)Affordabilityd)None of aboveCorrect answer is option 'B'. Can you explain this answer?
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