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Difference between indifference set and indifference curve with basis

Answer» Indifference\xa0Set :\xa0It is a set of those combination of two goods which offer the consumer the same level of satisfaction, so that, the consumer is indifferent across any number of combination in his indifference set.\xa0Monotonic Preferences :\xa0onotonic preferences refers to a situation where the consumer will prefer more quantity of commodities than lesser quantity.


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