1.

Properties of indifference curves?​

Answer»

Properties of Indifference curves are :-

  1. IC slopes downward - IC slopes downward because of monotonic preference.
  2. IC is convex to origin - IC is convex to origin DUE to the marginal rate of substitution
  3. Higher IC shows higher rate of satisfaction- As higher IC have high rate of goods that's why it GAVE higher satisfaction.
  4. IC don't cross or intersect
  5. IC don't touch X or y AXIS



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