Question

what is IC and its properties​

Answer 1

Answer:

an indefernece curve is a graph showing combination of two goods that

give the consumer equal satisfaction and utlity .

Answer 2

Answer

There are four important properties of indifference curves that describe most of them: (1) Indifference curves are downward sloping, (2) higher indifference curves are preferred to lower ones, (3) indifference curves cannot intersect, and (4) indifference curves are convex (i.e. bowed inward).

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