NCERT class | chapter 2 - Indifference map | Q&A | #10
Автор: Complemental Economics
Загружено: 2020-06-21
Просмотров: 2145
Описание:
A group or a set of IC for two commodities showing different levels of satisfaction is called indifference map.
The higher IC denotes higher levels of satisfaction and a lower IC represents a lower level of satisfaction.
Being a rational, a consumer always chooses a higher IC to get the maximum level of satisfaction, other things remaining equal.
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