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Preferences and Affordability

Preferences and Affordability

An indifference curve joins combinations of two goods that give a consumer the same total satisfaction. The consumer is indifferent between any two bundles on one curve. On a standard indifference map, I1I_1I1​ is the innermost curve, I2I_2I2​ is the middle curve, and I3I_3I3​ is the outermost curve.

7.2.1 meaning of an indifference curve and a budget line Lesson

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

Step-by-step lessons on CIE Intl A Level Economics 7.2.1 meaning of an indifference curve and a budget line. Each one builds up to exam-style questions.

Lessons