state any three properties of indifference curved
Answers
Answered by
8
Explanation:
Some properties are
1)Indifference curves are downward sloping, (2) higher indifference curves are preferred to lower ones, (3) indifference curves cannot intersect, and (4) indifference curves are convex.
Answered by
2
There are four important properties of indifference curves that describe most of them:
(1)Indifference curves are downward sloping,
(2) higher indifference curves are preferred to lower ones, (3) indifference curves cannot intersect, and
(4)indifference curves are convex (i.e. bowed inward).
Similar questions