Assam ASSEB HS Class 11-12 Economics Practice Questions - Assam State School Education Board (ASSEB AHSEC) Higher Secondary Economics Examination Exam

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Which property of indifference curves states that a consumer prefers combinations with more of at least one good and no less of the other?

Indifference curves are convex to the origin Indifference curves slope downwards from left to right Higher indifference curves represent higher levels of satisfaction Two indifference curves can never intersect

Correct Answer:

Higher indifference curves represent higher levels of satisfaction

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