Question

Which of the following are properties of Indifference curve? A) Two indifference curves never intersect each other C) Negative slope c​

Answer 1

Answer:

Correct option is

C

Parallel to each other

Option C.

Indifference curves do not tend to be parallel to each other.

Explanation:

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Answer 2

Answer:

A graph showing a combination of two goods that give a consumer equal utility and satisfaction is known as an indifference curve.

Indifference curves are used in microeconomic studies in order to study consumer preferences. Each point in the indifference curve shows that a consumer is indifferent towards the two products as each of them give them the same utility.

Following are some of the indifference curve multiple choice questions and answers that will help the students in brushing up their understanding of the concept of the indifference curve.