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Class 11th Important Questions (Indifference Curve)


1. What is an indifference curve?

2. What does the slope of an indifference curve indicate?

3. How do indifference curves reflect consumer preferences?

4. What does it mean if two indifference curves do not intersect?

5. Explain the concept of diminishing marginal rate of substitution (MRS).

6. How can you tell a consumer's preference from the shape of their indifference curve?

7. What happens to an indifference curve if a consumer's utility increases?

8. Can indifference curves cross?

9. Explain the concept of perfect substitutes and give an example.

10. Describe the concept of convexity of indifference curves.

11. How do budget constraints interact with indifference curves to determine consumer equilibrium?

12. Can an indifference curve be upward-sloping?

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