Question

what are the properties of indifference curve

Answer 1

The customers perform realistically so as to exploit contentment

2.There are two commodities A and B

3.The customer possesses complete information about the prices of the commodities in the market.

4. The prices of the two commodities are set

5.The customer's likings, behaviour and earnings stay the same all through the study

6. He prefers more of A to less of B or vice versa

7. An indifference curve is negatively inclined downwards

8. An indifference curve is constantly curved to the source