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7.2.1 meaning of an indifference curve and a budget line

What does every bundle on one indifference curve provide?

A

A combination of two goods giving the consumer increasing total satisfaction.

B

A combination of two goods giving the consumer equal total expenditure.

C

A combination of two goods giving the consumer minimum total satisfaction.

D

A combination of two goods giving the consumer equal total satisfaction.

7.2.1 meaning of an indifference curve and a budget line Flashcards

  1. Intl A Level
  2. /Economics
  3. /7.2.1 meaning of an indifference curve and a budget line

21 flashcards on CIE Intl A Level Economics 7.2.1 meaning of an indifference curve and a budget line: the key terms and definitions you need to recall.