Q5. Explain three properties of indifference curve.
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1) Indifference curves are slope downwards from left to right.
2) Indifference curves are convex to the origin.
3) Indifference curves never intersect each other.
there are more properties as you requested for three, I answered three.
hope it helps you.....
2) Indifference curves are convex to the origin.
3) Indifference curves never intersect each other.
there are more properties as you requested for three, I answered three.
hope it helps you.....
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