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CBSECommerce (English Medium) Class 11
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Syllabus

Which Indifference Curve represents the highest level of satisfaction?

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Question

Which Indifference Curve represents the highest level of satisfaction?

The diagram shows three downward-sloping indifference curves (IC₁, IC₂ and IC₃). Higher indifference curves represent greater consumer satisfaction, with IC₃ > IC₂ > IC₁.

Options

  • IC1

  • IC2

  • IC3

  • None of these

MCQ
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Solution

IC3

Explanation:

A higher indifference curve represents a higher level of satisfaction. The diagram shows IC3 above IC2 and IC1.

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Q 53
Chapter 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [Page 2.51]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 53 | Page 2.51
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