what are the properties of indifference curve?
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1.THEY ARE CONVEX TO ORIGIN.
2.EACH INDIFFERENCE CURVE REPRESENTS DIFFERENT TYPES OF SATISFACTION.
3.INDEFERENCE CURVES CAN NEVER INTETRSECT AT ANY POINT.
4.SUCH CURVES CONTRADICTION TO THE ASSUMPTION OF THE CONSUMER.
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2.EACH INDIFFERENCE CURVE REPRESENTS DIFFERENT TYPES OF SATISFACTION.
3.INDEFERENCE CURVES CAN NEVER INTETRSECT AT ANY POINT.
4.SUCH CURVES CONTRADICTION TO THE ASSUMPTION OF THE CONSUMER.
HOPE IT HELPS YOU
PLEASE MARK AS BRAINLIEST
Anonymous:
hope it helps you
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6
Properties of indifference curve :-
♥ They are always convex to the origin .
♥ They slope downwards .
♥ They represent higher levels of satisfaction .
♥ They can never intersect each other .
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