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Why is IC downwards?

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Why is IC downwards?

Posted by Saloni Tiwari 5 years, 9 months ago

CBSE > Class 12 > Economics

4 answers

Nayani Singh 5 years, 9 months ago

Ic slopes downward as consumer have monotonic preference means more of good provides him more satisfaction .so to increase the consumption of one good he has to decrease the consumption of other as then only every point on ic provide same level of satisfaction to him.

Kanika Mastana 5 years, 9 months ago

Sorry not increasing but decreasing..

Kanika Mastana 5 years, 9 months ago

Because of increasing MRS i.e. Marginal rate of substitution.

Ishika Bhenwal 5 years, 9 months ago

Because to increase the consumption of one good we have to decrease the consumption of another good. That is why IC is downward slopping.

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