What is a property of indifference curves
A)Lower indifference curves are preferred to higher ones.
B)The slope of indifference curves is positive.
C)Indifference curves do not cross.
D)Indifference curves are bowed outward.

Question

Quizplus · Accepted Answer

Indifference curves do not cross, as they represent combinations of goods that provide the same level of satisfaction to the consumer. If they were to intersect, it would mean that the same combination of goods would provide two different levels of satisfaction, which is not possible.

Answer: D 
 Indifference curves are typically bowed outward, meaning that the slope of the curve becomes flatter as we move down and to the right along the curve. This reflects the diminishing marginal rate of substitution between goods, as the consumer becomes less willing to trade one good for another as they acquire more of it.

Therefore, both options C and D are correct as they both represent key properties of indifference curves.

What Is a Property of Indifference Curves