Economy, asked by binodagarwal686, 5 months ago

why does an indifference curve slopes downward

Answers

Answered by Varshaprakash

Explanation:

Indifference curves slope downward because, if utility is to remain the same at all points along the curve, a reduction in the quantity of the good on the vertical axis must be counterbalanced by an increase in the quantity of the good on the horizontal axis.

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Answered by jabfat4

Answer:

It slopes downward from left to right it means IC has a negative slope .this is because if the consumer decides to buy more of one good he must have less of the other it is only then the stisfaction level would remain constant at different points of the IC.

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