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With reference to indifference curve which of the following statement is...

This question belongs to Commerce Economics
Economics
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With reference to indifference curve, which of the following statement is/are correct?
1. It represents all those combinations of goods which give same satisfaction to consumer.
2. A consumer selects or buy the combination of equilibrium goods that maximise utility.
Select the correct answer

Answer & Solution
Correct Answer: Option A
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