Which of the following statement is/are correct?
1. Indifference curves slope downwards to the right
2. Indifference curves can never intersect each other
Select the correct answer

Which of the following statement is/are correct?
1. Indifference curves slope downwards to the right
2. Indifference curves can never intersect each other
Select the correct answer Correct Answer Both 1 and 2

Related Questions

Determine the corrections or otherwise of the following Assertion and Reason : Assertion : For longitudinal static stability of an aircraft, slope of moment curve should be negative. Reason: Positive slope will result in more static stability than negative slope. Hence, slope should be positive always. and are true and is the correct reason for b) Both and are true but is not the correct reason for c) is true but is false d) is false but is true
When both the demand and the supply curves slope downwards and the demand curve is steeper than the supply curve, the equilibrium is