Question

Which of the following shows the combinations of goods or services that a person can purchase?

1) Supply curve
2) Demand curve
3) Production possibilities curve
4) Indifference curve

Answer 1

An indifference curve shows combinations of goods that provide equal satisfaction, helping individuals and families make trade-offs between goods and services.

Step-by-step explanation:

An indifference curve shows combinations of goods that provide an equal level of utility or satisfaction. It helps individuals and families make decisions by representing different trade-offs between goods and services. The curve allows consumers to see the combinations of goods they can purchase to achieve the same level of satisfaction.