Which of the following statements is correct regarding indifference curve?

CA Foundation · Business Economics · MTP · June 2024
Which of the following statements is correct regarding indifference curve?
(A) A. Two ICs may not intersect each other.
(B) B. Two ICs may intersect each other
(C) C. Two ICs are always parallel to each other
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. None of these

Topics: Theory of Demand and Supply

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