Economy, asked by Giri10001, 1 year ago

what are the properties of indifference curve?

Answers

Answered by Anonymous
1
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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Answered by Anonymous
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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