Explain why an indifference curve to the right shows higher utility
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indifference curve show the higher ic curve show higher level of satisfaction
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See the answer below in picture attached;
higher utility rate means higher expenditure therefore the demand for market commodity increases as we move towards the right direction on an indifference curve This is because the favourable conditions the customer is placed on with a subsidized price. The rise in demand will eventually lead to an in creased supply of goods i the market;
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