Indifference curves describe:
A) various consumer income levels.
B) alternative market prices for goods and services.
C) the quantities of a good or service that people are willing and able to buy at alternative prices.
D) producer production levels at alternative market prices.
E) consumer preferences.

Question

Quizplus · Accepted Answer

Indifference curves represent different levels of satisfaction or preferences of a consumer for a combination of two goods. They show the different combinations of goods that the consumer finds equally desirable, so they are used to represent consumer preferences.

Indifference Curves Describe