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An indifference curve is the locus of various points showing different combinations of two goods providing equal utility to the consumer. Four features of the Indifference Curve are given as below: · Indifference curves slope downward to the right. · Indifference curves are convex to the origin. · Indifference curves cannot intersect each other. · A higher indifference curve represents a higher level of satisfaction than a lower indifference curve.
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