Question

state the properties of indifference curve ?​

Answer 1

Answer:

The very important feature of the indifference curves is that they are convex to the origin and they cannot be concave to the origin. A normal indifference curve will be convex to the origin and it cannot be concave. ... The consumer passes from point A to B on the same curve to remain in the same level of satisfaction.

Answer 2

Four Properties of Indifference Curves

1. Indifference Curves are Downward Sloping. Virtually all indifference curves have a negative slope. ...
2. Higher Indifference Curves Are Preferred to Lower Ones. Consumers will always prefer a higher indifference curve to a lower one. ...
3. Indifference Curves Cannot Intersect. ...
4. Indifference Curves are convex (i.e., bowed inward)

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