Properties of Indifference Curve !! उदासीनता वक्र के गुण

Free Notes Download Link - t.me/jhansi_in... Hello Students, In today's class we will discuss all these points :-
01:10 IC Slopes Downward
05:53 IC is Convex to the Origin
10:18 Higher IC shows Higher Level of Satisfaction
11:42 ICs do not Cross or Intersect Each Other
12:54 IC does not touch X-axis or Y-axis
New Session 2022 -2023 Economics According to new CBSE Syllabus, Microeconomics Chapter 2 Consumer's equilibrium utility analysis topic double or several commodity case consumer's equilibrium
👉 DON'T FORGET TO SHARE THE VIDEO 👈
For PDF Notes and Premium Live Classes : Download Jhansi Institute of Commerce Play Store App
Social Accounts for Regular Updates -
Instagram - / raikwar.pankaj99
Facebook - / jhansiinstitute
Twitter - / jhansi_institut
Telegram - t.me/pankajrai...
CONSUMER'S EQUILIBRIUM-
INDIFFERENCE CURVE ANALYSIS
FEATURES/PROPERTIES OF
INDIFFERENCE CURVES
Speaker- Pankaj Raikwar
SESSION 2022-23
CHAPTER 4
IC slopes downward from left to right. It means that IC has a negative slope. It implies that if the consumer decides to have more of one good, he must have less of the other.
At point A on the IC, the consumer has 5 oranges and 2 apples. Moving from A to B, he has 3 apples (one more than before) and 3 oranges (2 less than before).
FEATURES/PROPERTIES OF IC
(i) IC Slopes Downward
What does it mean when we say that IC is convex to the origin? It means that the slope of IC tends to decline, as we move along the IC from left to right. The slope of IC is called marginal rate of substitution. It indicates the rate at which the consumer is willing to substitute one good for the other.
(ii) IC is Convex to the Origin
(iii) Higher IC shows Higher Level of Satisfaction
(iv) ICs do not Cross or Intersect Each Other
(v) IC does not touch X-axis or Y-axis
This is because IC analysis considers the consumption of two goods simultaneously. If IC touches Yaxis (as in Fig. 8), it would mean that the consumption of Good-X is zero. Likewise, if IC touches X-axis
(as in Fig. 9), it would mean that the consumption of Good-Y is zero.
/jhansi institute of commerce
THANK'S
ANY QUERY FOR ASK ME...
Subscribe Liike Follow Joim
JHANSIINSTITUTE OF COMMERCE
#propertiesoficcurve
#propertiesofindifferencecurve
#featuresoficcurve
#featuresofindifferencecurve
#propertiesorfeaturesoficcurve
#featuresorpropertiesoficcurve
#consumerequilibrium
#iccurveproperties
Jhansi Institute of Commerce provides free Videos for Accountancy ,Economics and Business Studies for Class 11th & 12th.

[@kpatel12432]

Very nice osm ☺️

[@lakshaysingla123]

Sir aap last me ek revision video upload kar diya karo pure chapter ki

[@devoidddhd]

Sir mera 11 taarik ko 1-3 chp ka test h ....meri book mai chp 3 hai consumer equlabarium utility analysis h .....sir aapne Thumbnail pr daala nhi ki chp 3 ka last part konsa h ...... So sir plz can uh tell me ki ladt part konsa chp 3 ka

[@JhansiInstitute]

two commodity case last part hai utility analysis ka

[@devoidddhd]

@@JhansiInstitute thank you so much sir. ♥️♥️♥️♥️♥️♥️

[@ritikflynn1260]

Sir indian eco ch 3 start kardo paper aane waale hai

[@JhansiInstitute]

Monday