QUESTION THREE a. What is an indifference curve? (2 marks) b. Write on two (2) characteristics of indifference curves (4
Posted: Sun May 29, 2022 7:34 pm
- Question Three A What Is An Indifference Curve 2 Marks B Write On Two 2 Characteristics Of Indifference Curves 4 1 (9.54 KiB) Viewed 15 times
- Question Three A What Is An Indifference Curve 2 Marks B Write On Two 2 Characteristics Of Indifference Curves 4 2 (6.99 KiB) Viewed 15 times
d. What is a budget line? (2 marks) e. Explain with a graph what will happen to the budget line when: 1. Income effect(5 marks) 11. Substitution effect (5 marks) QUESTION