Concept
Version 7
Created by Boundless
Mapping Preferences with Indifference Curves
Indifference Curve
A consumer will be just as happy with any combination of Good X and Y on indifference curve I1, though s/he will prefer any bundle on indifference curve I2 or I3.
Source
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"Simple-indifference-curves."
http://commons.wikimedia.org/wiki/File:Simple-indifference-curves.svg
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