Indifference Curve: Assumptions & Properties | Class 11 Microeconomics | Economics 📊

📊 INDIFFERENCE CURVE | ASSUMPTIONS & PROPERTIES In this video, we cover the Assumptions and Properties of Indifference Curves in a simple, exam-oriented way. 🔹 Assumptions of Indifference Curve Analysis • Consumer is rational • Consumer has complete knowledge of preferences • Preferences are consistent and transitive • Consumer prefers more to less • Marginal Rate of Substitution (MRS) diminishes 🔹 Properties of Indifference Curves • Indifference curves are downward sloping • They are generally convex to the origin • Higher indifference curves represent higher satisfaction • Two indifference curves cannot intersect each other 🎯 Important for CBSE Class 11 Economics 📚 Learn Economics with Shree Classes #indifferencecurve #class11economics #cbseeconomics #microeconomics #consumerbehaviour #economics #shreeclasses #bymuskaan