What is indifference curve Explain it's properties - Economics - Introduction

Question

What is indifference curve? Explain it's properties

Sapna Jain · Accepted Answer

Dear Student,
Answer to your question is as follows :

Indifference Curve
An indifference curve shows various combination of two goods that
provide the consumer the same level of satisfaction
In other words, it shows those combinations of two goods between
which the consumer is indifferent

Properties
1 DOWNWARD SLOPING TO THE RIGHT : because if a
consumer decides to have more units of one good,he will have to
sacrifice some units ogf another good so that the level of
satisfaction remains the same
2 CONVEX TO THE ORIGIN :
because of diminishing marginal rate of substitution it means means
as the consumer has more n more quantity of of x
its marginal significance to him declines n marginal significance
of scarce commodity y goes up
3 2 INDIFFERENCE CURVE CAN NEVER INTERSECT EACH OTHER
: because 2 indifference curve cant show same level of
satisfaction
4 HIGHER INDIFFERENCE CUVE REPRESENTS HIGHER LEVEL OF
SATISFACTION : this is because higher curve has more
quantity of both the commodities
Regards

What is indifference curve? Explain it's properties.