The combination of two commodities each yielding the same level of satisfaction to the consumer...
ECONOMICS
JAMB 2015
The combination of two commodities each yielding the same level of satisfaction to the consumer is
- A. consumer surplus
- B. indifference curve
- C. budget constant
- D. goods of necessity
Correct Answer: B. indifference curve
Explanation
An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility.
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