Indifference curve is ........

Economics (CUET) Consumer Behaviour and Demand

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Indifference curve is:

Downward sloping, concave to the origin

Downward sloping, convex away from the origin

Downward sloping, convex to the origin

Downward sloping, concave away from the origin

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Explanation:

Option (3) is correct.
Explanation: An indifference curve is convex to the origin because of diminishing marginal rate of substitution. It is downward sloping because if the quantity of one good is
reduced then the quantity of the other good is increased. Therefore, an indifference curve is downward sloping and convex to the origin.