Home >  Term: indifference curve
indifference curve

A curve that joins together different combinations of goods and services that would each give the consumer the same amount of satisfaction (utility). In other words, consumers are indifferent to which of the combinations they get.

0 0

Creator

  • summer.l
  •  (Silver) 607 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.