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Explain the characteristics indifference curve

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Explain the characteristics indifference curve

    • Posted by Temjen Imsong 7 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Mohammed Dawood 7 years, 11 months ago

    1.Indifference curves slope downward downward to the right or are negatively sloped as consumption of both the good cannot be increased at once. 2.indifference curve is convex to the point of origin due to diminishing marginal rate of substitution. 3.two indifference curve can never touch or intersect each other. 4.a higher indifference curve represent a higher level of satisfaction.

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