🏫 Board📈 Economics

Consumer Equilibrium

1 Board Economics previous year questions on Consumer Equilibrium — options free on every question; 1 include the answer & explanation free, the rest unlock with PYQ Pass.

Q1 FREE PREVIEW

Higher indifference curve shows the level of utility is one of the following :

a

Higher level

b

Lower level

c

Same level

d

Negative level

✓ Correct answer: a)

Higher level

Explanation

A higher indifference curve represents a higher level of satisfaction (utility).

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