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Question : An indifference curve measures the same level of:

Option 1: output from two factors

Option 2: satisfaction from two commodities

Option 3: satisfaction from income and capital

Option 4: satisfaction from expenditure and saving


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: satisfaction from two commodities


Solution : The correct answer is satisfaction from two commodities.

An indifference curve is a graph that depicts all the combinations of two commodities that provide the same satisfaction to the consumer. Indifference curves are downward sloping because customers are prepared to trade off some of one product for more of another as long as their level of pleasure remains constant.

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