Indifference Curve is _______ at the point of equilibrium. • An indiff
Right Answer is: A
• An indifference curve is a graphical representation of combination of two goods which gives equal utility & satisfaction to consumers.
• It is called indifference curve as each point on the curve indicates that a consumer is indifferent between the two and all points give him the same utility.
• Indifference Curve is convex at the point of equilibrium.