Figure 21-14
-Refer to Figure 21-14. Which of the graphs shown may represent indifference curves?
A)graph a
B)graph b
C)graph c
D)All of the above are correct.

Question

Figure 21-14   
-Refer to Figure 21-14. Which of the graphs shown may represent indifference curves?
A)graph a 
B)graph b 
C)graph c 
D)All of the above are correct.

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that provide the same level of utility to a consumer. All graphs can potentially represent indifference curves if they show a consistent trade-off between two goods, maintaining the same utility level.