Question

19. Which of the following is not a property of indifference curves?
(a) Indifference curve slopes downwards.
(b) Two indifference curves cannot represents higher level of satisfaction.
(c) Higher indifference curve represents higher level of satisfaction.
(d) Indifference curve is concave to the point of origin.

Answer 1

Answer:

AIndifference curves have a negative slope. BIndifference curves of imperfect substitutes are concave to the origin. CIndifference curves do not intersect nor are they tangent to one another. DUpper indifference curves indicate higher level of satisfaction.