princessbelle1384 princessbelle1384
  • 24-01-2020
  • Business
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For which pairs of goods would most people likely have convex indifference curves

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PiaDeveau PiaDeveau
  • 24-01-2020

Answer:

Movie tickets and concert tickets .

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.
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