All pairs of quantities from which a consumer derives equal satisfaction can be plotted on ________?

A. An indifference curve
B. An exceptional demand curve
C. A budget line
D. An isoquant map

Correct Answer:

Option A – An indifference curve

Explanation

An indifference curve is a graph showing combination of two goods that give the consumer equal satisfaction and utility. Each point on an indifference curve indicates that a consumer is indifferent between the two and all points give him the same utility.