Along any single indifference curve the ________.
A) consumer is equally satisfied any and all of the combinations of goods being consumed.
B) level of current income is unchanged.
C) level of future income is unchanged.
D) level fo current and future income is unchanged.

Question

Quizplus · Accepted Answer

Along any single indifference curve, the consumer is equally satisfied with all the combinations of goods being consumed. This is because all the combinations on the same indifference curve give the same level of utility or satisfaction to the consumer. The level of income, both current and future, is not the determining factor in defining an indifference curve.

Along Any Single Indifference Curve the ________