identify and explain the various shapes of indifference curve

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David · Accepted Answer

Identify and explain the various shapes of indifference curve 
Answer: 
Indifference curve is the locus of different combination of goods from which consumer generates 
same level of utility.  
It has many shapes; 
1. Cobb-douglas utility:
2. Substitute goods 
Answer:
3.

identify and explain the various shapes of indifference curve

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