Indifference Curve - Theory of Consumer Behaviour | Class 11 Economics Chapter 2 | LIVE

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✅ In this video,

✔️ Class: 11th
✔️ Subject: Economics (Microeconomics)
✔️ Chapter: Theory of Consumer Behaviour (Chapter 2)
✔️ Topic Name: Indifference Curve
✔️ Topics Covered In This Video (Sanidhya Sir): In this live session, dive into the intriguing world of Theory of Consumer Behaviour with our Class 11 Economics Chapter 2 discussion. Understanding the theory of consumer behaviour is crucial for anyone interested in economics or marketing. By the end of this video, you will have a solid understanding of consumer preferences, utility theory, budget constraints, and much more.
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00:00 Theory of Consumer Behavior Indifference Curve Analysis (ICA)
12:00 Indifference Curve Analysis (ICA):An indifference curve shows different combinations of goods that yield the same level of utility or satisfaction to the consumer Consumer Equilibrium = The point of highest satisfaction = where Budget Line is TANGENT to indifference curve.
13:32 Indifference Curve Analysis (ICA): 1 Assumptions of ICA:
25:11 Indifference Curve Analysis (ICA): Consistency of choice Transitivity of choice
36:23 Indifference Curve Analysis (ICA):Choice: Indifference Curve Analysis (ICA):
2. Features of Indifference Curve:
39:17 Indifference Curve Analysis (ICA):iv.onvex to origin. Slope of Indifference curve = MRS (XY)
42:30 Indifference Curve Analysis (ICA):3.Idifference Map: A set or family of indifference curves.
46:23 Website Overview
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