Identify which of the following is not true for the Indifference Curves theory. Give valid reasons for choice of your answer.

Identify which of the following is not true for the Indifference Curve

1.	Identify which of the following is not true for the Indifference Curves theory. Give valid reasons for choice of your answer.
Answer» Lower indifference curve represents lower level of satisfaction. Two indifference curves can INTERSECT each other. Indifference curve must be convex to origin at the point of tangency with the BUDGET LINE at the CONSUMER's equilibrium. Indifference curves are drawn under the ordinal approach to consumer equilibrium. Solution :B