ExamVeda
Login
Home
This question belongs to Commerce Economics
Economics
?

A higher indifference curve shows

Answer & Solution
Correct Answer: Option A
A higher indifference curve shows a higher level of satisfaction. A higher indifference curve will represent a higher level of satisfaction than a lower indifference curve. In other words, the combinations which lie on a higher indifference curve will be preferred to the combinations which lie on a lower indifference curve.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.