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Question

Diagrammatic presentation of consumer's indifference set is called

A
indifference curve
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B
utility curve
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C
budget line
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D
transformation curve
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Solution

The correct option is A indifference curve
An indifference curve is a locus of all such points, which show different combinations offering the same level of satisfaction to the consumer. It is always related to the choice and preference of the consumer.

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