when indifference curve is downward slope and upward slope
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Expert's answer
2019-11-06T10:21:33-0500
Indifference curve displays a blend of two goods providing the user with equal satisfaction and utility. Normally indifference curves are sloped downward.
Indifference curve downward slope: if satisfaction consumption of one product increase, then other product’s consumption will decrease. Any point on the curve shows the different utility combination of the two products.
Indifference curve upward slope: when consumer have negative or decreasing utility for one product and consumption or utility of another good will increase, indifference curve will slope upward. Eg: bad threat of the product, advises from a doctor.
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