An Indifference Map:

A graph showing a whole set of indifference curves is called an indifference map. In the given figure three indifference curves IC¹, IC² and IC³ have been shown. The various combination of goods of wheat and rice lying on IC¹ yield the same level of satisfaction to the consumer. The combination of goods lying on higher indifference curve IC² contain more of both the goods wheat and rice. The indifference curve IC² gives more satisfaction to the consumer than IC¹. Similarly, the set of combination of two goods on IC³ yields still higher satisfaction to the consumer than IC². In short, the farther away a particular curve is from the origin, the higher the level of satisfaction it represents.

It may here be noted that while an indifference curve shows all those combination of wheat and rice which provide equal satisfaction to the consumer but it does not indicate exactly how much satisfaction is derived by the consumer from these combination. It is because of the fact that the concept of ordinal utility does not involve the quantitative measurement of utility.

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