Properties of Indifference Curves Higher indifference curves are preferred to lower ones Indifference curves are downward Sloping. Indifference curves do not cross Indifference curves are bowed inward
Properties of Indifference Curves Higher indifference curves are preferred to lower ones. Indifference curves are downward sloping. Indifference curves do not cross. Indifference curves are bowed inward
Property 1: Higher indifference curves are preferred to lower ones Quantity of Pepsi C B A Indifference curve, I 0 Quantity of pizza
Quantity of Pizza Quantity of Pepsi 0 C B A D Indifference curve, I1 I2 Property 1: Higher indifference curves are preferred to lower ones
Propertv 2: Indifference curves are downward sloping Quantity of Pepsi Indifference curve, I 0 Quantity of pizza
Quantity of Pizza Quantity of Pepsi 0 Indifference curve, I1 Property 2: Indifference curves are downward sloping
Property 3: Indifference curves do not cross Quantity of pepsi C A B 0 Quantity of pizza
Quantity of Pizza Quantity of Pepsi 0 C A B Property 3: Indifference curves do not cross