Which of the following statements correctly describes the nature of indifference curve ? (A) Indifference curve slopes downwards from left to right (B) A lower indifference curve represents lower cost to consumer (C) A higher indifference curve gives higher level of satisfaction (D) Two indifference curves never intersect each other (E) Indifference curves are always parallel to each other Choose the correct answer from the options given below :

Question

Option 1: (A), (B), (D) Only

Option 2: (B), (C), (E) Only

Option 3: (A), (C), (D) Only

Option 4: (C), (D), (E) Only

AfterBoards · Accepted Answer

The answer is '(A), (C), (D) Only'. View full solution:

List - I	List - II
(A) Indifference curve	(I) Shows various combination of two goods that give the same utility to the consumer
(B) Production possibility curve	(II) Shows various combination of two goods that can be produced by an economy
(C) Budget line	(III) Shows various combination of two goods that can be purchased by the consumer
(D) Demand curve	(IV) Shows inverse relationship between price of the given commodity & its quantity demanded

CUET Economics PYQs

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