Home › Bihar Board Class 12 (Arts) › Economics › Theory of Consumer Behaviour › A family of indifference curves showing a consum…
A family of indifference curves showing a consumer's preferences is called what?
ABudget plan
BDemand schedule
CIndifference map
DUtility ranking
Answer & Solution
Correct answer: C. Indifference map
An indifference map shows many indifference curves, with higher curves meaning more satisfaction.
Related questions
For a price-inelastic good, a price rise causes expenditure to do what?A price rises and quantity falls by a larger percentage. What happens to expenditure on thExpenditure on a good equals which product?Why is demand for a particular variety of pulses likely more elastic than for food overallWhich kind of good typically has price inelastic demand?Which demand curve has elasticity of one at every point?A vertical demand curve is described as what?Elasticity on the part of a linear demand curve to the left of the midpoint is what?