If IC is not convex at the point of equilibrium, the consumer cannot reach the point of stable equilibrium. Comment
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True, If IC is not convex at the point of equilibrium the consumer cannot reach the point of stable equilibrium, in case IC is concave it pretend that marginal utility continue to rise
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If IC is not convex at the point of equilibrium , the consumer cannot reach the point of stable equilibrium . (Q2) It is because of monotonic preference of the consumer that IC slopes downward . ... (Q9) An indifference curve is convex to the origin because of the law of equi-marginal utility.
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