Why higher indifference curve shows higher …
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Posted by Ranjit Singh 6 years, 4 months ago
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Yogita Ingle 6 years, 4 months ago
Higher indifference curve represents a higher level of satisfaction because higher IC means a bundle consisting more of both the goods or same quantity of one good n more quantity of the other good . It is based on the assumption that the consumer has monotonic preference , ie , more consumption gives him more satisfaction .
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