Write the Properties or Characteristics of Indifference Curves : – InterviewSolution

1.

Write the Properties or Characteristics of Indifference Curves :

Answer»

(i) It slopes downwards from left to right.

(ii) Indifference Curves are convex to the origin.

(iii) Indifference Curves will never intersect each other.

(iv) A higher Indifference Curve represents a higher level of satisfaction.

(v) Indifference Curve neither touches X-axis nor y-axis.

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