show that higher IC show higher level of satisfaction
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Higher indifference curve represents higher level of satisfaction to the consumer'. ... In other words, any combination of goods which lie on a higher indifference curve represents higher level of satisfaction as consumer is able to buy more of goods on a higher IC.
Answered by
6
Higher indifference curve represents higher level of satisfaction. In other words, any combination of goods which lie on a higher indifference curve represents higher level of satisfaction as consumer is able to buy more of goods on a higher IC.
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