Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

All the points lying on an indifference curve provide the consumer with the _______ level of satisfaction.

Which of the following options suits best in the above blank?

Options:

Same

Different

More

Less

Correct Answer:

Same

Explanation:

The correct answer is Option 1: Same

 

  • An indifference curve represents all combinations of two goods that provide the consumer with the same level of satisfaction or utility.
  • This means that the consumer does not prefer one combination over another on the same curve because all points on the curve yield equal satisfaction.
  • If one combination provided more satisfaction than another, it would be on a higher indifference curve, not the same one.

All the points such as A, B, C and D lying on the indifference curve provides the consumer with the same level of satisfaction.