Economy, asked by kingsatyamsgc9, 8 months ago

Explain with the help of numerical example why two indifference

curve do not intersect each other?​

Answers

Answered by sonali2853
0

Explanation:

Indifference curves never intersect each other

Since points A and B lie on IC1, they give the same satisfaction level to an individual. Therefore, we can imply that B and C offer the same level of satisfaction, which is logically absurd. Hence, no two ICs can touch or intersect each other.

Indifference curves cannot intersect each other as it would break down the indifference curve analysis. This is because the consumer would have more than one point on the indifference curve giving him a different level of satisfaction.

Similar questions