Question

define indiffrence curve and three properties of indiffrence curve​

Answer 1

curve on a graph (the axes of which represent quantities of two commodities) linking those combinations of quantities which the consumer regards as of equal value.

4 Important Properties of Indifference Curve (with curve diagram)
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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