What are the properties of indifference curves?
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Property I. Indifference curves slope downward to the right:Property II: Indifference curves are convex to the origin:Property III: Indifference curves cannot intersect each other:Property IV: A higher indifference curve represents a higher level of satisfaction than a lower indifference curve:
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Salauddinmalik:
Thanku u very much. i found your answer satisfactory .
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1.
1.downward sloping.
2 they do not intersect.
1.downward sloping.
2 they do not intersect.
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