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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour4 Marks
Question
Define an indifference curve. Explain why an indifference curve is downward sloping from left to right.
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Answer

An Indifference Curve is locus of points representing different combinations of the only two goods consumer consumes with each combination having the same utility level.
It is downward sloping because to obtain one more unit of a good he must sacrifice some units of the other good so that utility level on each point of the indifference curve remains the same.

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