Which of the following is characteristic of indifference curves?

Question

Quizplus · Accepted Answer

All of the responses are correct. 
- Indifference curves are negatively sloped which implies that as we move down an indifference curve, we are sacrificing one good to gain more of the other good. 
- Indifference curves never intersect, which means that a consumer cannot prefer a bundle on one indifference curve over a bundle on another indifference curve. 
- They are convex toward the origin, which indicates that a consumer has a decreasing marginal rate of substitution between the two goods.

Which of the Following Is Characteristic of Indifference Curves