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Answer to Question #190029 in Economics for Tshokay Dorji
Question #190029
Why do indifference curves slope down?
Expert's answer
Indifference curves don't slope upward. This is because the indifference curve shows a trade-off between two commodities, that is, one must decrease if the other increases.
If we have an upward indifference curve, it means that consumption of both goods can increase simultaneously.
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#340153 on Dec 2023
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