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Question
What does the L shaped indifference curve represent?
What does the L shaped indifference curve represent?
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Solution
An L shaped indifference curve represents that two goods are perfect complements of each other.
Also read:
- Consumer Equilibrium Indifference Curve Approach
- MCQ on Indifference Curve
- Features of Indifference Curve
- Deriving a Demand Curve From Indifference Curves and Budget Constraints
Learn about more questions and answers on business studies and various other commerce topics from our website.
An L shaped indifference curve represents that two goods are perfect complements of each other.
Also read:
- Consumer Equilibrium Indifference Curve Approach
- MCQ on Indifference Curve
- Features of Indifference Curve
- Deriving a Demand Curve From Indifference Curves and Budget Constraints
Learn about more questions and answers on business studies and various other commerce topics from our website.
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