Concept
Version 7
Created by Boundless
Assumptions
Simple indifference curve
An indifference curve is used to show potential demand patterns. It is an example of a graph that works with simplifying assumptions to gain a better understanding of the world and human behavior in relation to economics.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Simple-indifference-curves."
http://en.wikipedia.org/wiki/File:Simple-indifference-curves.svg
Wikipedia
CC BY-SA.