Foreıgn Trade Deneme Sınavı Sorusu #1397047

How are tastes or demand preferences in a nation presented in curves?


Production possibility frontier curve

Offer curve

Reciprocal demand curve

Gains from trade curve

Community indifference curve


Yanıt Açıklaması:

We are now introducing tastes or demand preferences in a nation. These are given by community indifference curves. A community indifference curve shows the various combinations of the two commodities that provide equal satisfaction or happiness to the community. The higher the curves the more satisfaction, the lower the curves the less satisfaction is expressed.

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