What is indifference curve ?state three properties of indifference cur – InterviewSolution

1.	What is indifference curve ?state three properties of indifference curves.
Answer» There are four importantproperties of indifference curvesthat describe most of them: (1)Indifference CURVES are DOWNWARD sloping, (2) higherindifference curves are preferred to lower ONES, (3) indifference curves cannot INTERSECT, and (4)indifference curves are CONVEX (i.e. bowed inward).

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