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Explain the conditions of consumer's equ...

Explain the conditions of consumer's equillibrium in the indifference Curve Analysis . Use diagrame.

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Knowledge Check

  • An indifference curve is

    A
    convex to the origin
    B
    concave to the origin
    C
    a straight line curve
    D
    none of these
  • An indifference curve always:

    A
    Slope downwards from left to right.
    B
    Slopes upwards from left to right
    C
    Is parallel to the Y-axis
    D
    Is parallel to the X-axis.
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