An indifference curve is
A)the boundary between what can be produced and what cannot be produced.
B)the boundary between what a consumer can afford and what he cannot afford.
C)a curve that shows combinations of goods among which a consumer is indifferent.
D)the boundary between normal goods and inferior goods.
E)a curve with a positive slope.

Question

Quizplus · Accepted Answer

An indifference curve is a curve that shows combinations of goods among which a consumer is indifferent. This means that the consumer is equally happy with any point on the curve, as they derive the same level of satisfaction.

An Indifference Curve Is