Economy, asked by anshikabhatnagar09, 2 months ago

5. Discuss briefly the following properties of indifference curve, using diagram:
(a) Convexity to origin
(b) Downward sloping from left to right​

Answers

Answered by yogeshbhuyal780
2

Answer:

Property I. Indifference curves slope downward to the right: ...

Property II: Indifference curves are convex to the origin: ...

Property III: Indifference curves cannot intersect each other: ...

Property IV: A higher indifference curve represents a higher level of satisfaction than a lower indifference curve:

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