Practicing Success
Which of the following is NOT a characteristic of indifference curve? |
Indifference curve sloped downward from right to left Though, two indifference curves never intersect each other, exceptions in case of inferior goods exist Lower the indifference curve, higher will be the utility due to diminishing marginal rate of transformation All of the above |
All of the above |
Following are the characteristics of the indifference curve:
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