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You are working with a fellow student in the class. The student says when I graph indifference curves I put the price of good x
You are working with a fellow student in the class. The student says "when I graph indifference curves I put the price of good x on the y-axis and the quantity of good x on the x-axis". What is the best response you can give to the student? Group of answer choices You are actually thinking about graphing a demand curve for good x. When graphing indifference curves, we represent the physical quantities of two different goods. So we would put the quantity of good x on the x-axis and the quantity of good y on the y-axis. You might have this backwards. When graphing indifference curves, we put price on the x-axis and the quantity of the goods on y-axis. I agree
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