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Indifference curves are :...

Indifference curves are :

A

Concace to the origin.

B

Convex to the origin

C

Upwards sloping straight line passing from the origin

D

None of these

Text Solution

Verified by Experts

The correct Answer is:
B
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Consider the following statements about indifference curves : 1. Indifference curves are convex to the origin. 2. Higher indifference curve represents higher level of satisfaction. 3. Two indifference curves cut each other Which of the statements given above is/are correct?