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Eduncle posted an MCQ
October 13, 2019 • 21:44 pm 0 points
  • UGC NET
  • Commerce

Which one of the following is not the basic property of indifference curves ?

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    Eduncle Best Answer

    Indifference curves of imperfect substitutes are concave to the origin is not the basic property of Indifference curve. 
    Basic Property of Indifference Curves
    (1) Indifference Curves are Negatively Sloped
    (2) Higher Indifference Curve Represents Higher Level
    (3) Indifference Curve are Convex to the Origin:
    (4) Indifference Curve Cannot Intersect Each Other
    (5) Indifference Curves do not Touch the Horizontal or Vertical Axis

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