Economy, asked by sajeevcm67, 1 month ago

Can higher IC give us higher satisfaction? How?

Answers

Answered by Braɪnlyємρєяσя
7

heya, buddy !!

➲The higher indifference curve shows higher level of satisfaction as it provides higher quantities of the commodities which a consumer wishes to consume.

We know that ,Two indifference curves can never intersect each other as one specific bundle of commodity can never lie on two curves. So it is tend to give contradictory results.

GOOD NIGHT <3

Similar questions