Write true or false with a reason:
In an indifference map, higher IC always points to higher level of satisfaction.

True

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False

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Solution

The correct option is A True
True. Higher indifference curve shows higher level of satisfaction. Because, higher IC corresponds to higher level of income of the consumer.

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Write true or false with a reason:In an indifference map, higher IC always points to higher level of satisfaction.

The correct option is A TrueTrue. Higher indifference curve shows higher level of satisfaction. Because, higher IC corresponds to higher level of income of the consumer.

Write true or false with a reason:
In an indifference map, higher IC always points to higher level of satisfaction.

The correct option is A True
True. Higher indifference curve shows higher level of satisfaction. Because, higher IC corresponds to higher level of income of the consumer.