# Consumer's Equilibrium and Demand-Indifference Curve Analysis (CBSE (Central Board of Secondary Education- Board Exam) Class-12 Economics): Questions 1 - 3 of 3

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## Question number: 1

» Consumer's Equilibrium and Demand » Indifference Curve Analysis

### Write in Short

Explain the following:

(a) Why is an indifference curve convex to the origin?

(b) Why does a higher indifference curve represent a higher level of satisfaction?

## Question number: 2

» Consumer's Equilibrium and Demand » Indifference Curve Analysis

Appeared in Year: 2010

### Write in Short

Define an indifference curve.

## Question number: 3

» Consumer's Equilibrium and Demand » Indifference Curve Analysis

Appeared in Year: 2012

Essay Question▾

### Describe in Detail

Outline the steps taken in deriving saving curve from the consumption curve. Use diagram.

### Explanation

In this diagram + by is the consumption curve. Here line is aggregate supply curve. At point E consumption = income and is represent as autonomous consumption.

Step for derivation of supply curve from consumption curve given below:

(1) In this in consumption function we have -

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