Asked by Kayla Calvin on May 07, 2024

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If two combinations of goods X and Y give a consumer equal satisfaction, then these two combinations must both be on the same

A) budget line.
B) indifference curve.
C) demand curve.
D) supply curve.

Equal Satisfaction

A situation or outcome in consumer behavior where an individual achieves the same level of utility or happiness from different combinations of goods or services.

Indifference Curve

A graph showing combinations of goods among which a consumer is indifferent, representing equal levels of satisfaction or utility.

Budget Line

Represents all possible combinations of goods and services a consumer can purchase with a specific budget, given the prices of those goods and services.

  • Acquire an understanding of the principle and graphic illustration of indifference curves.
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JJ
Jasmyn JamesMay 11, 2024
Final Answer :
B
Explanation :
Indifference curves represent combinations of goods that provide a consumer with the same level of satisfaction. Therefore, if two combinations of goods X and Y give equal satisfaction, they must lie on the same indifference curve.