Economics 9708 · AS & A Level · Indifference curves and budget lines

Indifference curves and budget lines — practice question

What is indicated by an indifference curve?

  • Athe amount of two products achievable with given income and prices
  • Bthe different combinations of two goods that give a consumer equal utility
  • Cthe income available to buy the two goods
  • Dthe rate at which marginal utility changes as consumption changes

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