Whay is indifference . Explain the three properties of indifference cu – InterviewSolution

1.	Whay is indifference . Explain the three properties of indifference curve
Answer» There are four important properties of indifference CURVES that describe most of them: (1) Indifference curves are DOWNWARD sloping, (2) higher indifference 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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