Which of the following curve has a negative slope and cannot interest each other?a)None of aboveb)Indifference curvesc)Demand and supply curvesd)IsoquantsCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Because. It is the properties of indifference curve that it can't intersect to each other..... Because it can't give same level of satisfaction

Answer

IC slopes downward because as the consumer increases the consumption of one commodity, he has to give up certain units of other commodity in order to maintain the same level of satisfaction.

two indifference curves represent two different levels of satisfaction. If these indifference curves intersect each other, the intersection will represent same level of satisfaction, which is impossible.

Answer

Indifference Curves
Indifference curves represent various combinations of two goods that provide an individual with the same level of satisfaction or utility. These curves have a negative slope because as one moves along the curve, they are willing to give up some of one good to obtain more of the other while maintaining the same level of satisfaction.
Cannot intersect
Indifference curves cannot intersect or cross each other. This is because if they were to intersect, it would imply that at the point of intersection, the individual would be indifferent between two different combinations of goods, which contradicts the concept of indifference curves representing different levels of utility.
Other Curves
- Demand and supply curves can intersect and do not have a negative slope. They represent the relationship between the quantity of a good that consumers are willing to buy and the quantity that producers are willing to sell at a given price.
- Isoquants are curves that represent different combinations of inputs that can produce the same level of output in production. Like indifference curves, isoquants have a negative slope, but they can intersect.
Conclusion
In summary, while indifference curves have a negative slope and cannot intersect, other curves such as demand and supply curves and isoquants can have different characteristics and may intersect in certain scenarios.

Answer

IC slopes downward because as the consumer increases the consumption of one commodity, he has to give up certain units of other commodity in order to maintain the same level of satisfaction.

two indifference curves represent two different levels of satisfaction. If these indifference curves intersect each other, the intersection will represent same level of satisfaction, which is impossible.

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