Indifference Curve – Meaning and Properties - Explained with Animated Examples
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Indifference Curve – Meaning and Properties - Explained with Animated Examples
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 ...
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