The convexity of an indifference curve shows:

Related MCQs

• As per indifference curve analysis consumer equilibrium is attained when
• At the point of tangency the slope of indifference curve is
• In case of a convex indifference curve
• ‘Higher the indifference curve higher will be level of satisfaction’. The statement is
• As per indifference curve analysis, consumer always try to reach
• An indifference curve represent
• Indifference curve is always
• A movement from one point to another along an indifference curve makes the satisfaction:
• In the case of an indifference curve
• An Indifference Curve to the right of another represents combinations which are: