All pairs of quantities from which a consumer derives equal satisfaction can be plotted on__________?
A. An indifference curve B. An exceptional demand curve C. A budget line D. An isoquant map
Correct Answer: A
Explanation
An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.
