Economics
Textbooks
Boundless Economics
Consumer Choice and Utility
Theory of Consumer Choice
Economics Textbooks Boundless Economics Consumer Choice and Utility Theory of Consumer Choice
Economics Textbooks Boundless Economics Consumer Choice and Utility
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 7
Created by Boundless

Mapping Preferences with Indifference Curves

Indifference Curve

Indifference Curve

A consumer will be just as happy with any combination of Good X and Y on indifference curve I1, though s/he will prefer any bundle on indifference curve I2 or I3.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Simple-indifference-curves."
    http://commons.wikimedia.org/wiki/File:Simple-indifference-curves.svg Wikimedia GNU FDL.

Related Terms

  • substitute
  • Complement
  • Subjects
    • Accounting
    • Algebra
    • Art History
    • Biology
    • Business
    • Calculus
    • Chemistry
    • Communications
    • Economics
    • Finance
    • Management
    • Marketing
    • Microbiology
    • Physics
    • Physiology
    • Political Science
    • Psychology
    • Sociology
    • Statistics
    • U.S. History
    • World History
    • Writing

    Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.