Question

state properties of Indifference curve

Answer 1

There are four important properties of indifference curves that describe most of them: (1) Indifference curves are downward sloping, (2) higherindifference curves are preferred to lower ones, (3) indifference curvescannot intersect, and (4) indifference curves are convex (i.e. bowed inward).

Answer 2

This property implies that an indifference curve has a negative slope.

This property follows from assumption I. Indifference curve being downward sloping means that when the amount of one good in the combination is increased, the amount of the other good is reduced. This must be so if the level of satisfaction is to remain the same on an indifference curve.