Properties of indifference curve(IC) – Microeconomics | Management Notes

Properties of indifference curve(IC)
Cardinal Utility Approach | Microeconomics
Management Notes

Ans) The list of properties of indifference curve are as follows:

  • An IC slopes downward from left to right.
  • An IC is convex to the origin.
  • ICs never intersect each other.
  • Higher the indifference curve,higher will be level of satisfaction.

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