{"id":57771,"date":"2024-04-16T01:07:47","date_gmt":"2024-04-16T01:07:47","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=57771"},"modified":"2024-04-16T01:07:47","modified_gmt":"2024-04-16T01:07:47","slug":"an-indifference-curve-shows","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/an-indifference-curve-shows\/","title":{"rendered":"An indifference curve shows"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Affordable combination of goods&#8221; option2=&#8221;The relative price of one good to another&#8221; option3=&#8221;Consumption possibilities that a consumer faces at different price and income&#8221; option4=&#8221;Different combination of two goods among which the consumer is indifferent&#8221; correct=&#8221;option4&#8243;]<!--more--><\/p>\n<p>The correct answer is: D. Different combination of two goods among which the consumer is indifferent.<\/p>\n<p>An indifference curve is a graph showing combinations of goods that provide the same level of satisfaction to a consumer. It is a downward-sloping curve because consumers are willing to give up some of one good in order to get more of another good, as long as they are compensated with enough of the other good to maintain the same level of satisfaction.<\/p>\n<p>Option A is incorrect because an indifference curve does not show affordable combinations of goods. It shows combinations of goods that provide the same level of satisfaction.<\/p>\n<p>Option B is incorrect because an indifference curve does not show the relative price of one good to another. It shows combinations of goods that provide the same level of satisfaction.<\/p>\n<p>Option C is incorrect because an indifference curve does not show consumption possibilities that a consumer faces at different price and income. It shows combinations of goods that provide the same level of satisfaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Affordable combination of goods&#8221; option2=&#8221;The relative price of one good to another&#8221; option3=&#8221;Consumption possibilities that a consumer faces at different price and income&#8221; option4=&#8221;Different combination of two goods among which the consumer is indifferent&#8221; correct=&#8221;option4&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-57771","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An indifference curve shows<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/an-indifference-curve-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An indifference curve shows\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;Affordable combination of goods&#8221; option2=&#8221;The relative price of one good to another&#8221; option3=&#8221;Consumption possibilities that a consumer faces at different price and income&#8221; option4=&#8221;Different combination of two goods among which the consumer is indifferent&#8221; correct=&#8221;option4&#8243;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/an-indifference-curve-shows\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T01:07:47+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"An indifference curve shows","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/an-indifference-curve-shows\/","og_locale":"en_US","og_type":"article","og_title":"An indifference curve shows","og_description":"[amp_mcq option1=&#8221;Affordable combination of goods&#8221; 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