“Two indifference curves cannot touch or intersect each other”. Explain why? (Word 80 - 150)
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Explanation:
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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. ... We, therefore, conclude that indifference curves cannot cut each other.
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