To derive the demand curve from the indifference map
A) vary the price of one good while holding the price of the other good and income constant.
B) vary the prices of both goods while holding income constant.
C) vary the price of one good and income while holding the price of the other good constant.
D) vary income while holding the prices constant.

Question

Quizplus · Accepted Answer

To derive the demand curve from the indifference map, we need to vary the price of one good while holding the price of the other good and income constant. This will show the different quantities of the good that the consumer is willing to purchase at different prices, and the demand curve can be derived from this.

To Derive the Demand Curve from the Indifference Map