Indifference curves zxy y
Indifference Curves x2 x1 z x y p p x y z
Indifference curves all bundles in are 2 X strictly preferred to all in I2- all bundles in b are strictly preferred to 3 all in I3
Indifference Curves x2 x1 x All bundles in I1 are strictly preferred to all in I2 . y z All bundles in I2 are strictly preferred to all in I3 . I1 I2 I3
Indifference curves WP(x), the set of X\bundles weakly preferred to x. (x)
Indifference Curves x2 x1 I(x’) x I(x) WP(x), the set of bundles weakly preferred to x
Indifference curves 2 WP(x), the set of X\bundles weakly preferred to x. WP(X) includes (x)
Indifference Curves x2 x1 WP(x), the set of bundles weakly preferred to x. WP(x) includes I(x). x I(x)