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Question
Locus of all the points representing bundles of two goods among which the consumer is indifferent is called ______.
Options
budget line
consumer equilibrium
indifference map
indifference curve
MCQ
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Solution
Locus of all the points representing bundles of two goods among which the consumer is indifferent is called indifference curve.
Explanation:
Each point on an indifference curve represents a bundle of two goods that gives the consumer the same level of satisfaction.
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