Question

what are the properties of indifference curvs​

Answer 1

Answer:

Indifference curves are graphical representations of various combinations of two commodities which an individual considers equally valuable. They are used to analyze consumer preferences and a number of other concepts. There are four important properties of indifference curves that describe most of them: (1) They are downward sloping, (2) higher indifference curves are preferred to lower ones, (3) they cannot intersect, and (4) indifference curves are convex (i.e. bowed inward).

Explanation:

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Answer 2

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 .