Practice - Indifference Map
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Practice Questions
Test your understanding with targeted questions
What does an indifference curve represent?
💡 Hint: Think of how different combinations give equal satisfaction.
Why do indifference curves slope downwards?
💡 Hint: Consider your trade-offs between two goods.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does an indifference curve show?
💡 Hint: Consider how satisfaction remains constant across different combinations.
True or False: Two indifference curves can intersect.
💡 Hint: Reflect on what intersection would imply for consumer choice.
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Challenge Problems
Push your limits with advanced challenges
Given an indifference map with curves A, B, and C. Discuss how a shift in consumer income would modify this map.
💡 Hint: Consider how money impacts your shopping choices.
You have two goods, bananas and mangoes. If a consumer moves from curve A to curve B on the indifference map, what does that imply about their preferences?
💡 Hint: Think about what it means to upgrade your choices!
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