explain any three properties of indifference curve through diagram
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There are four important properties of indifference curves that describe most of them: (1) They are downward sloping, (2) higher indifference curves are preferred to lower ones, (3) they cannot intersect, and (4) indifference curves are convex (i.e. bowed inward)
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1. Indifference curves slope downward to the right.
2.Indifference curves are convex to the origin.
3.Indifference curves cannot intersect each other.
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