An indifference curve is a curve that shows consumption bundles that give the consumer
A) increasing levels of satisfaction.
B) decreasing levels of satisfaction.
C) the same level of satisfaction.
D) perfect substitutes.

Question

Quizplus · Accepted Answer

Indifference curve represents the equal level of satisfaction or utility for the consumer. It signifies that the consumer is indifferent between two or more consumption bundles on the same curve as they all provide the same level of satisfaction. Therefore, the correct choice is C.

An Indifference Curve Is a Curve That Shows Consumption Bundles