User:Economics grade

Indifferent

Curve

Indifference curve show all possible alternative combined of two good which give same level of satisfaction.

Assumptions of indifference curve

1.indifference curve is always downward sloping. 2.indifference curve always deals with only two goods. 3.indifference curve always give same level of satisfaction. 4.two indifference curve never intersect each other.

Features of indifference curve

1. indifference curve is always downward sloping. 2.indifference curve deals with two goods 3.indifference always give same level of satisfaction. 4.two indifference curve never give same level of satisfaction.