What happense when ic slops downwards
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Gaurav Seth 6 years, 3 months ago
Indifference Curve Slopes Downwards :
This property implies that to increase the consumption of X good, the consumer has to reduce the consumption of Y good, so as to remain at the same level of satisfaction as shown in the given diagram:
To increase the quantity of X good from OX to
OX1, the consumer has to reduce the quantity of good Y from OY to OY1.
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