Which of the following is not a property of indifference curve? (a) Indifference curve always touch X-axis (b) Indifference curve has negative slope (c) Indifference curve is convex to origin (d) Indifference curves never intersect each other
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answer is A . Indifference curve never touch X OR Y -axis
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Answer:
(a) Indifference curve X-axis.
Explanation:
The indifference curve never touches the x-axis and y-axis.
Indifference Curve:
An indifference curve is a graphical representation of integrated products that give a similar kind of satisfaction to a consumer thereby making them indifferent. Each point on the indifference curve tells that an individual or a consumer is indifferent between the two products as it gives him the same kind of utility.
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