what are the propertys of indeffrence curves
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There are four important properties of indifference curves that describe most of them: (1) Indifference curves are downward sloping, (2) higherindifference curves are preferred to lower ones, (3) indifference curvescannot intersect, and (4) indifference curves are convex (i.e. bowed inward).
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There are four important properties of indifference curves that describe most of them: (1) Indifference curves are downward sloping, (2) higherindifference curves are preferred to lower ones, (3) indifference curvescannot intersect, and (4) indifference curves are convex (i.e. bowed inward).
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