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What is the reason behind non - intersection of IC curves? Select the correct response The axiom of decreasing Marginal rate of substitution, so more
What is the reason behind nonintersection of IC curves?
Select the correct response
The axiom of decreasing Marginal rate of substitution, so more of one commodity implies less of me other.
Because of their convexity to the ongin, it becomes difficult for them to intersect
If two IC curves intersected, then it would imply beo gifferent levels of satisfaction for me same bundle of goog, which is not possible
Each IC curve depicts seprate levels of income and consumers hence cannot intersect
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