Indifference curves are drawn on a diagram with the
A) price of one good on the vertical axis and the price of another good on the horizontal axis.
B) price of a good on the vertical axis and its quantity on the horizontal axis.
C) quantity of one good on the vertical axis and the quantity of another good on the horizontal axis.
D) quantity of a good on the vertical axis and its price on the horizontal axis.

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of two goods that give a consumer equal satisfaction, thus they are plotted with the quantity of one good on the vertical axis and the quantity of another good on the horizontal axis.

Indifference Curves Are Drawn on a Diagram with the