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Thread: Indifference map economics question

  1. #1
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    Indifference map economics question

    Draw your indifference map for right shoes and left shoes, while taking into account the information below. Plot right shoes on the horizonal axis and left shoes on the vertical axis. Provide a brief explanation of your graphs.

    a. You like having more pairs of shoes, but you would never wear a left shoe on your right foot, or a right shoe on your left foot.
    Last edited by brumby_3; Mar 19th 2010 at 03:51 PM.
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  2. #2
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    You can find this graph in most textbooks.

    Indifference map economics question-shoes.bmp

    They are complements with cross elasticity of demand of negative numbers.
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