Q17- Explain the three properties of indifference curves.
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1. Indifference curves slope downward to the right.
2. Indifference curves are convex to the origin.
3. A higher indifference curves represent a higher level of satisfaction than a lower indifference curves.
2. Indifference curves are convex to the origin.
3. A higher indifference curves represent a higher level of satisfaction than a lower indifference curves.
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