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