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 line 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 satisfied with any point on the curve, as they receive the same level of utility from each combination of goods on the curve.

An Indifference Curve Is