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Why indifference curve is convex to …

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Why indifference curve is convex to the origin will a consumer be able to reach at equilibrium if indifference curve is not convex

    • Posted by Gautam Singh 6 years ago

    CBSE > Class 11 > Economics
    • 1 answers

    Barsha Chakraborty 6 years ago

    Ic curve is convex to the origin due to law of diminishing marginal rate of substitution. No a consumer will not be able to reach equilibrium if the ic is not convex to the origin.

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