Explain why is an indifference curve downward sloping and convex – InterviewSolution

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1.	Explain why is an indifference curve downward sloping and convex
Answer» ONG>Answer: Indifference curves slope downward because, if utility is to REMAIN the same at all points along the curve, a reduction in the quantity of the good on the VERTICAL AXIS must be counterbalanced by an increase in the quantity of the good on the horizontal axis (or vice VERSA)

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