Question

Describe any three characteristics of IC.
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Answer 1

Answer:

Characteristics of Indifference Curves

Indifference curves slop downward to the right. ...

Every indifference curve to the right represents a higher level of satisfaction. ...

Indifference curves cannot intersect each other. ...

Indifference curve will not touch the axis. ...

Indifference curves are convex to the origin.

Answer 2

Answer:

Characteristics of Indifference Curves

• Indifference curves slop downward to the right. ...
• Every indifference curve to the right represents a higher level of satisfaction. ...
• Indifference curve will not touch the axis. ...