Which of the following statements are true for the Indifference Curve?

(A). A higher indifference curve gives a greater level of utility.

(B). The indifference curve slopes downwards from right to left.

(C). The indifference curve slopes downwards from left to right.

(D). Two indifference curves never intersect each other.

Choose the correct answer from the options given below:

Option 1 -> Includes statement (B) which incorrectly describes the slope direction.

Option 2 -> Correctly identifies (A), (C), and (D) as true statements about indifference curves.

Option 3 -> Includes both (B) and (C) which contradict each other about slope direction.

Option 4 -> Excludes statement (A) which is a fundamental property of indifference curves.

Hence, Option 2: (A), (C) and (D) only -> Statement (A) is correct as higher indifference curves represent greater utility levels. Statement (C) is correct because indifference curves slope downwards from left to right (negative slope), reflecting the diminishing marginal rate of substitution. Statement (D) is correct as intersecting indifference curves would violate the transitivity axiom of consumer preferences. Statement (B) is incorrect because 'downwards from right to left' would imply an upward slope, which contradicts the fundamental property of indifference curves -> correct