Question 46 Which one of the following is not a feature of Indifference curves?
A) They are parallel to each other
B) They slope downwards to the right
C) They do not intersect each other
D) They are concave to each other
Answer: They are concave to each other
Explanation: Indifference curve is an Economic term. An indifference curve is the locus of various points showing different combinations of two goods providing equal utility to the consumer.
FOUR features / PROPERTIES OF AN INDIFFERENCE CURVE are given as below:
1. Indifference curves slope downward to the right.
2. Indifference curves are convex to the origin.
3. Indifference curves cannot intersect each other.
4. A higher indifference curve represents a higher level of satisfaction than a lower indifference curve.