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# Give separate arguments to support your claims as to their slope, curvature, and the direction of increasing utility

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In the two good case, the level sets of the indirect utility fuction in the price space are sets of the form

{(p1,p2) 'vertical line' v(p1,p2,y) = v0} for when v0 is an element in the set of real numbers

These are sometimes called price-indifference curves. Sketch a possible map of price-indifference curves. Give separate arguments to support your claims as to their slope, curvature, and the direction of increasing utility

note: I don't have the equation editor so where it says 'vertical line', there is a vertical line in the equation

https://brainmass.com/economics/utility/price-indifference-curves-13548

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In the two good case, the level sets of the indirect utility function in the price space are sets of the form

{(p1,p2) | v(p1,p2,y) = v0} for when v0 is an element in ...

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