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Explain three properties of indifference curve.

+2 votes

asked Mar 21, 2019 in Class 12 by kratos

Explain three properties of indifference curve.

isc
cbse
icse
class-12
theory of consumer behaviour

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1 Answer

+5 votes

answered Nov 21, 2020 by kratos

Best answer

i) ICs are downward sloping.

ii) ICs are convex to the origin.

iii) ICs never intersect each other.

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