Question

State and explain the various properties of indiffernce curve?

Answer 1

Answer:

There are four important properties of indifference curves that describe most of them:

(1) They are downward sloping.

(2) higher indifference curves are preferred to lower ones

(3) they cannot intersect

(4) indifference curves are convex

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Answer 2

Answer:

here is ur answer mate...!!

1... higher indifference curves are preferred to lower ones, 2....they cannot intersect, and 3...indifference curves are convex (i.e. bowed inward).

Explanation:

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