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Chapter 1: Q 4RQ. (page 9)

How many indifference curve does a person have?

Short Answer

Expert verified

Infinity

Step by step solution

01

Step 1. Meaning of indifference curve

Indifference curve shows a combination of two goods that gives a consumer equal satisfaction and utility.

02

Step 2.

There are infinitely many indifference curves,one passes through each combination.And the collection of indifference curves,if presented graphically is called as indifference map.

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