Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:In an indifference curve map, higher IC always points to higher level of satisfaction.
Answer» Yes. Higher indifference curve shows higher level of satisfaction. Because, higher IC corresponds to higher level of income of the consumer or higher level of consumption of both goods X and Y.

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