Indifference Map

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August 25, 2024 4 min read Definitions

Indifference Map: Graphical Representation of Consumer Preferences

Economics Consumer Behavior Indifference Map Indifference Curves Consumer Theory Utility Microeconomics

An Indifference Map is a crucial concept in economics that graphically represents a series of indifference curves, each illustrating different combinations of goods that provide equivalent levels of satisfaction to the consumer.

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