What is Indifference Curve?
It is a graph showing the combinations of two goods that give the consumer the same level of satisfaction and utility, making him indifferent. Indifference curves are used to show the consumer’s preferences and demand patterns for individual consumers over different commodities.
In other words, the indifference curve connects the points on a graph where a consumer is indifferent to buy two commodities. On any point on this curve, the consumer is getting the same level of satisfaction by consuming a combination of two commodities.
Please check out our full article: -
[ Ссылка ]
!--------Our Website link---------!
[ Ссылка ]
[ Ссылка ]
!--------Check Business Studies Playlist--------!
[ Ссылка ]
!--------Check Economics Playlist--------!
[ Ссылка ]
!--------Check Financial Accounting Playlist--------!
[ Ссылка ]
!--------Like our Fb page---------!
[ Ссылка ]
!--------Follow us on Instagram-------!
[ Ссылка ]
!--------Follow us on Twitter--------!
[ Ссылка ]
Thanks for all your love n support.
For any other details email - tutorstips17@gmail.com
Our partner
[ Ссылка ]
[ Ссылка ]
#FreeOnlineTuition #Class11 #Economics
Ещё видео!