Question

Which of the following is NOT a property of the indifference curve? They are upward sloping. They are downward sloping. They are bowed-out to the origin, le. each indifference curve gets flatter as we move to the right. The farther up and to the right an indifference curve lies, the higher the level of welfare to which it corresponds.

Answer 1

The property that is NOT true for an indifference curve is: They are upward sloping.

Indifference curves are typically downward sloping, bowed-out to the origin (i.e., exhibiting diminishing marginal rate of substitution), and higher indifference curves represent higher levels of welfare or satisfaction.