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Indifference Curve
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

An indifference curve represents graphically alternative combinations of two products toward which a consumer is indifferent.  In the diagram below, the individual would be indifferent between the combination of goods X and Y denoted by point A and that denoted by point B.  The individual would prefer any combination of these goods that is to the right of the indifference curve, and would not choose to be to the left of the indifference curve.

An indifference curve is a theoretical construct used in economics to illustrate certain theoretical propositions, such as the law of demand.

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