Question

Draw and explain the properties of indifference curves?​

Answer 1

Explanation:

The four properties of indifference curves are:

(1) indifference curves can never cross,

(2) the farther out an indifference curve lies, the higher the utility it indicates,

(3) indifference curves always slope downwards, and

(4) indifference curves are convex.

Hope it well help you

Answer 2

Answer:

The four properties of indifference curves are: (1) indifference curves can never cross, (2) the farther out an indifference curve lies, the higher the utility it indicates, (3) indifference curves always slope downwards, and (4) indifference curves are convex.