An indifference map shows
A)A set of indifference curves.
B)One indifference curve.
C)A set of indifference curves and a set of budget constraints.
D)A set of budget constraints and one indifference curve.

Question

Quizplus · Accepted Answer

An indifference map is a graphical representation of a consumer's preferences. It shows a set of indifference curves, which represent all the possible combinations of two goods that provide the same level of utility or satisfaction to the consumer. Thus, option A is the best choice.

An Indifference Map Shows