Question

Which of the following statements are incorrect?

पर्याय

• Indifference Curves are convex to the origin.

• Indifference Curves are downward sloping to the right.

• A higher indifference curve represents a higher level of satisfaction.

• Two curves can intersect each other.

Answer 1

Two curves can intersect each other.

Explanation:

Indifference curves are graphs that depict different combinations of two goods that a person perceives to be equally desirable.