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Economics (AS & A Level) · Feb / March 2024 · Paper 32 · Question 2

9708Indifference curves and budget lines

What does an indifference curve show?

  1. Athe amount of two products achievable with given income and prices
  2. Bthe different combinations of two goods that give a consumer equal utility
  3. Cthe income available to buy the two goods
  4. Dthe rate at which marginal utility changes as consumption changes

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Correct answer: B. the different combinations of two goods that give a consumer equal utility

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