Economics • Economic BasicsEasy
Which of the following curves shows the combinations of two goods that give a consumer equal levels of satisfaction?
A. Production Possibility Curve
B. Indifference Curve✓ Correct Answer
C. Lorenz Curve
D. Phillips Curve
💡 Solution & Explanation
An indifference curve graphically represents various combinations of two economic goods that yield identical utility or satisfaction levels to a consumer. A production possibility curve instead displays alternative production bundles of goods an economy can produce with limited resources. Microeconomics fundamentals tested in competitive exams frequently rely on consumer behavior curves.
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