asked 38.9k views
4 votes
For which pairs of goods would most people likely have convex indifference curves

asked
User Dhill
by
7.5k points

1 Answer

3 votes

Answer:

Movie tickets and concert tickets .

Step-by-step explanation:

The indifference curve is a chart showing a mixture of two products providing equal value and usefulness for the customer.

  • That point on a graph of indifference indicates a customer is oblivious here between two and all points offer him the very same value.
  • The indifference curve method was used not only to describe the actions and demand of customers but also to evaluate and clarify numerous other economic issues.
answered
User Nishad Up
by
8.5k points
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