The combination of two commodities each yielding the same level of satisfaction to the consumer is
Question 1 Report
The combination of two commodities each yielding the same level of satisfaction to the consumer is
Answer Details
The combination of two commodities each yielding the same level of satisfaction to the consumer is called an "indifference curve." An indifference curve is a graph that shows all the combinations of two goods that give a consumer the same level of satisfaction. The curve slopes downward, which means that as the amount of one good increases, the amount of the other good needed to maintain the same level of satisfaction decreases. In other words, if a consumer is indifferent between two combinations of goods, they would be just as satisfied with either combination.
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