quot Higher indifference curve represents fewer quantities of one or both goods a higher indif...........

Economics (CUET) Consumer Behaviour and Demand

"Higher indifference curve represents fewer quantities of one or both goods, a higher indifference curve shows higher utility level." Choose the correct option for the above mentioned statement:

True

False

Partially false

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Explanation:

Option (3) is correct.
Explanation: A higher indifference curve surely implies higher consumption of both the goods and hence a higher utility level, owing to the axiom of non-satiation or 'more is better'