Economy, asked by MermaidMahi1958, 3 months ago

What is IC and discuss the property of IC?

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Answered by sunnykrpatel54021
4

Answer:

In this article we will discuss about the deduction of the properties of Indifference Curves (IC). The first property of an IC is that it is negatively sloped, i.e., it slopes downward towards right. This property follows from axiom of dominance which implies that both the goods are of MIB type.

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Answered by ankitha7777
5

Answer:

answer in the pic Hope it helps you

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