Higher level of indifference curve shows lower level of satisfaction.

True

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False

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Solution

The correct option is B False
A higher level of indifference curve shows higher level of satisfaction. The indifference curve would have shifted outwards due to reduction in price of goods or an increase in income which allows the consumer to purchase more goods which gives him a higher utility.

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Similar questions

Q. Indifference curve shows combinations of ________ commodities giving same level of satisfaction.

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Higher level of indifference curve shows lower level of satisfaction.

The correct option is B FalseA higher level of indifference curve shows higher level of satisfaction. The indifference curve would have shifted outwards due to reduction in price of goods or an increase in income which allows the consumer to purchase more goods which gives him a higher utility.

The correct option is B False
A higher level of indifference curve shows higher level of satisfaction. The indifference curve would have shifted outwards due to reduction in price of goods or an increase in income which allows the consumer to purchase more goods which gives him a higher utility.