Sunday, August 5, 2018

INDIFFERENCE CURVE

                                   INDIFFERENCE CURVE

Let us take two daily commodities like surf excel and ariel. These two commodities comes under washing powder and there usage is the same. Both are used for washing clothes and if one commodity is not available in the door step, customer will prefer the other one. The graph which represents that consumers have no preference for a particular product and if the product gets replaced still the utility remains the same is called INDIFFERENCE CURVE. The curve is also known as ISOQUANT CURVE.
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