Question

Which of these is not a property of indifference curve?

विकल्प

• Indifference curve slopes downwards.

• Indifference curve is concave to origin.

• Two indifference curves cannot intersect each other

• Higher indifference curve represents higher level of satisfaction.

Answer 1

The indifference curve is concave to origin.

Explanation:

Indifference Curves have the following properties or characteristics:

1. It is slanted from left to right and slopes downhill.
2. Indifference To the origin, curves are convex.
3. Indifference Curves will never cross one another.
4. A greater disparity "Higher level of satisfaction" repents curve.
5. indifference Curve neither touch to each x-axis nor y-axis