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You are here: Home / Potpourri / Economics 101: Indifference Curve

Economics 101: Indifference Curve

Economics 101: Indifference Curve

[This is part of the series: The Complete Guide To Economics 101.]

In economics, indifference curves are a thing.

What are they?

An Indifference Curve is a graph that represents different quantities of goods and services.

Along the curve itself are points where a person is indifferent to the quantity received.

For example, one might be indifferent between the following:

  • 2 Ice Creams, and 1 Cheeseburger
  • 5 Ice Creams, and 2 Cheeseburgers
  • 9 Ice Creams, and 3 Cheeseburgers
It a simply boils down to preferences.

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Filed Under: PotpourriTagged With: #Economics101

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