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For which pairs of goods would most people likely have convex indifference curves

User Dhill
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1 Answer

3 votes

Answer:

Movie tickets and concert tickets .

Step-by-step explanation:

The indifference curve is a chart showing a mixture of two products providing equal value and usefulness for the customer.

  • That point on a graph of indifference indicates a customer is oblivious here between two and all points offer him the very same value.
  • The indifference curve method was used not only to describe the actions and demand of customers but also to evaluate and clarify numerous other economic issues.
User Nishad Up
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