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What is indifference curve & its …

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What is indifference curve & its properties

Posted by Manjeet Sikarwar 6 years, 11 months ago

CBSE > Class 12 > Economics

2 answers

A N 6 years, 11 months ago

Indiffrence curve show vorious combination of two goods in which consumer is indiffrence .each combination gives him same level of satisfaction to consumer PROPERTIES 1)indiffrenc curve always slope downword 2)it is covex to origin 3)higher indiffrenc curve give high level of satisfaction 4)indiffrence curve never intersract each other 5)indiffrenc curve may or may not be parallel to each other

Mohd Abdulla 6 years, 11 months ago

Indifference curve refer to the graphical representation of bundles of two goods among which the consumer is indifferent.... Its properties are 1... slope downward.because of inverse relation between the commodity.. 2.....convex to the origin because of decreasing MRS.. 3.... higher indifference curve shows higher level of satisfication.. 4..... indifference curve never intersect eachother....

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