Re: INDIFFERENCE CURVE DOUBT

Posted by sanjana26 on Jun 14, 2013; 9:32am
URL: http://discussion-forum.276.s1.nabble.com/INDIFFERENCE-CURVE-DOUBT-tp7582299p7582319.html

hello taanya..

I think in the 1st part the person has convex downward sloping ics moving towards the bliss point
showing more is better and each successive unit of both the goods is more preferable..

However in the last part..both goods are bad and as ics move away from bliss point that is in north east direction the consumer ffurther gets worse off !