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Theory of Demand

Quick practice

Question 1 of 5

Which of the following are the properties of the indifference curve?

1. Higher IC represents a lower level of satisfaction

2. ICs are convex to the point of origin 

3. IC slopes downward from left to right

A

 1 and 3

B

 2 and 3

C

1, 2 and 3

D

1 and 2

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