Indifference curve Analysis-Gr11

Indifference curve analysis is also known as -----------.

(a)  

-------------------- shows different combinations of 2 goods offering same level of satisfaction to the consumer.

(a)  

IC slopes downward from left to ---------.

(a)  

---------------- of the consumer leads to downward slope of IC.

(a)  

------------ refers to the rate at which the consumer is willing to sacrifice GoodY for Good X.

(a)  

IC is convex to the origin because of -------- tends to ----------.

(a)  

Higher IC shows ------------------.

(a)  

A line showing different possible combinations of Good 1 and Good 2, which a consumer can buy given his income and the prices of 2 goods is --------.

(a)  

Consumer's Equilibrium is also known/referred to as ------------------

(a)  

A set of indifference curves placed together in a diagram is known as ----------.

(a)