Discuss the properties of Indifference curve.
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* Indifference curve are convex to the origin
* IC always slope downwards
* Higher the indifference curve represent higher level of satisfaction
* No two indifference curve can never intersect each other
* It represents Ordinal utility
* IC always slope downwards
* Higher the indifference curve represent higher level of satisfaction
* No two indifference curve can never intersect each other
* It represents Ordinal utility
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Properties of indifference curve :-
♥ They are always convex to the origin .
♥ They slope downwards .
♥ They represent higher levels of satisfaction .
♥ They can never intersect each other .
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