Consumer Choice

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August 18, 2024 6 min read Dictionary
Indifference Curve
Economics Consumer Theory Indifference Curve Utility Consumer Choice Economics 101 Satisfying Cravings
An indifference curve is a graphical representation of different combinations of two goods that provide equal satisfaction to a consumer.
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August 18, 2024 6 min read Dictionary
Inferior Good
Economics Consumer Behavior Economic Terms Goods Inferior Goods Market Trends Consumer Choice
An inferior good is an economic term describing a good whose demand increases when people's incomes fall.
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