why IC does not touches neither x …
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Naveen Sharma 8 years, 1 month ago
Ans. An indifference curve cannot touch either axis. If it touches X-axis as 7, in Figure at M, the consumer will be having OM quantity of good X and none of Y.
Similarly, if an in difference curve I2 touches the У-axis at L the consumer will have only OL of Y good and no amount of X. Such curves are in contradiction to the assumption that the consumer buys two goods in combinations.
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