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Arsha posted an Question
May 28, 2020 • 13:39 pm 30 points
  • UGC NET
  • Commerce

What is indifference curve

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    Ronak kumari upadhyay

    yes Arsha features you can see here

    cropped762336185576750357.jpg
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    the curve is negative due to opposite demand?means when ones demand increases other decreases?

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    yes opposite demand but of the two goods we are comparing. our good are substitutes so if we buy one we leave the another one. means if demand of one increases demand of other good decreases. 🙂

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    Ronak kumari upadhyay Best Answer

    Dear student Indifference curve is used when we have two substitute good and we need to analyse their utility. Hope this attachment will help you more to understand. if not let me know I will try to explain it in deeper way thank you

    cropped3972324386345259035.jpg
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    yes understood.Does this curve have any feautures

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