Asked by Madison Bradford on Jun 01, 2024

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In order to represent a consumer's choices on a graph, we draw her budget constraint as well as her __________ curves.

Budget Constraint

Represents the combinations of goods and services that a consumer can purchase given their income and the prices of those goods and services.

Indifference Curves

Graphical representations of different combinations of two goods between which a consumer is indifferent.

  • Master the concept and effects of indifference curves as they relate to the theory of consumer choice.
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Nikos MourisJun 04, 2024
Final Answer :
indifference