Q978
With reference to indifference curve, which of the following statement is/are correct? 1. It represents all those combinations of goods which give same satisfaction to consumer. 2. A consumer selects or buy the combination of equilibrium goods that maximise utility. Select the correct answer
A.
Only 1
AnswerB.
Only 2
C.
Both 1 and 2
D.
Neither 1 nor 2
Answer: Option A
Solution
Answer: Option A
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