How do you derive a demand curve using indifference curve?

How do you derive a demand curve using indifference curve?

Do indifference curve meet?

Indifference curves are the graphical representation of the preferences of an individual. In microeconomics there are three assumptions about preferences in order for them to … (MORE)

Why indifference curve cannot intersect?

Because if they intersected, they would not be "indiffernece" curves. Imagine two intersecting ICs, call them x and y. That means that all points on y have the same utility. A… (MORE)

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What is indifference curve approach?

indifference curve approach show the combination of two goods that an individual would be willing to buy, and which would make the buyer equally satisfied (or different). indi… (MORE)