content area Part 1 What two properties do indifference curvesLOADING... have? How are these properties associated with the properties of the consumer's preferences? The property that an indifference curve is convex an indifference curve slopes upward an indifference curve slopes downward an indifference curve is concave relates to the property that states "more is always preferred to less." The property that an indifference curves slopes downward an indifference curve is concave an indifference curve slopes upward an indifference curve is convex relates to the property that states "the consumer likes diversity in his or her consumption bundles