Economics · Consumer Behaviour
Which among the following is not a property of standard indifference curves?
- 1Indifference curves cannot intersect each other.
- 2Every point on an indifference curve shows equal satisfaction.
- 3Indifference curves are always concave to the origin.✓
- 4Indifference curves do not touch either axis.
Correct answer
Indifference curves are always concave to the origin.
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