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Theory Of Consumer Behaviour
Question
Define indifference curve.
Solution
An indifference curve is a curve that represents all those combinations of two goods which give equal satisfaction to the consumer.
Some More Questions From Theory Of Consumer Behaviour Chapter
Give meaning of demand.
Name two determinants of demand.
List the factors that cause changes in demand.
What is law of demand?
What is demand schedule?
Why does demand curve slope downwards?
Differentiate between substitute and complementary goods.
What is meant by one good being substitute of other?
What is meant by one good being complementary to another.
Give an example of a pair of commodities that are substitutes of each other.
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Mock Test Series
Mock Test Series