Two indifference curves cannot touch or intersect each other". Explain why?
Answers
Answered by
2
The indifference curves cannot intersect each other. It is because at the point of tangency, the higher curve will give as much as of the two commodities as is given by the lower indifference curve. This is absurd and impossible. ... In the above diagram, two indifference curves are showing cutting each other at point B.
Similar questions
Social Sciences,
6 months ago
History,
6 months ago
Physics,
1 year ago
Biology,
1 year ago
Math,
1 year ago