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Question 1. Asked on :21 August 2019:01:46:48 PM

#### Write the Assumptions of Indifference Curve?

-Added by nisha sheikh Economics » CH 2

Himanshi Verma
The assumptions of the ordinal theory are the following:
(1) The prices of the two goods are given. (2) The consumer's tastes, habits and income remain the same throughout the analysis. (3) He prefers more of X to less of Y or more of Y to less of X. (7) An indifference curve is negatively inclined sloping downward.

-Answered by Himanshi Verma On 21 August 2019:05:19:41 PM(3794Average Rating Based on rating)

Master Purushottam
The assumptions of the ordinal theory are the following:
(1) The prices of the two goods are given. (2) The consumer's tastes, habits and income remain the same throughout the analysis. (3) He prefers more of X to less of Y or more of Y to less of X. (7) An indifference curve is negatively inclined sloping downward.

-Answered by Master Purushottam On 24 August 2019:04:55:06 PM(5655Average Rating Based on rating)

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