Why does an IC slope downwards?
Dear Student
Indifference curve shows various combination of two goods that derive the same level of satisfaction. So if we increase the consumption of anyone the consumption of other will decrease. That leads to the downward slope of indifference curve.
Regards
Indifference curve shows various combination of two goods that derive the same level of satisfaction. So if we increase the consumption of anyone the consumption of other will decrease. That leads to the downward slope of indifference curve.
Regards