Question

Based on the graph below, identify an indifference curve. a. Point A only b. Point B...

Based on the graph below, identify an indifference curve.

Ex1 QS3 Q1.png

a. Point A only
b. Point B only
c. Points A or C.
d. Points B, C or D.
e. Points A or B.
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Answer #1

The correct answer to this problem is option d. Reason being the definition of the indifference curve. Two commodities are compared at an equal price and quantity.

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