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I would like to analyse how COVID-19 has impacted the aviation industry by looking at how the demand for airlines + holidays has fallen via an indifference curve analysis. However, I'm not sure where to start Would the indifference curve shift inwards?

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    $\begingroup$ I'm not sure I get your question. Can you give an example of an "indifference curve analysis?" $\endgroup$ – Michael Greinecker Dec 30 '20 at 13:21
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Indifference curves represent preferences. Preferences are usually assumed to be stable, i.e. they do not change. So no, indifference curves don't shift.

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