Examlex
Which of the following is correct?
Indifference Curves
Graphical representations showing combinations of two goods that give the consumer equal satisfaction and utility.
Optimum
The most favorable condition or level of something, where benefits are maximized and negative effects are minimized.
Normal Goods
Normal goods are goods for which demand increases as the income of consumers increases, showing a positive relationship between income and demand.
Income Increases
The rise in earnings received by an individual or household, which can impact consumption, savings, and investment behaviors.
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