Indifference curves graphically represent
A)an income level sufficient to allow an individual to achieve a given level of satisfaction.
B)the constraints faced by individuals.
C)an individual's preferences.
D)the relative price of commodities.

Question

Quizplus · Accepted Answer

Indifference curves represent an individual's preferences by showing different combinations of two goods that provide the same level of utility or satisfaction. Each indifference curve represents a different level of utility, and higher curves indicate higher levels of utility. Therefore, choice (C) is the correct answer.

Indifference Curves Graphically Represent