Home › Bihar Board Class 12 (Arts) › Economics › Theory of Consumer Behaviour › Why can two indifference curves never intersect?
Why can two indifference curves never intersect?
AThey would give conflicting rankings
BThey are parallel by definition
CPrices would fall to zero
DIncome would have to double
Answer & Solution
Correct answer: A. They would give conflicting rankings
At an intersection one bundle would equal two others of unequal worth, which is an absurd result.
Related questions
For a price-inelastic good, a price rise causes expenditure to do what?A price rises and quantity falls by a larger percentage. What happens to expenditure on thExpenditure on a good equals which product?Why is demand for a particular variety of pulses likely more elastic than for food overallWhich kind of good typically has price inelastic demand?Which demand curve has elasticity of one at every point?A vertical demand curve is described as what?Elasticity on the part of a linear demand curve to the left of the midpoint is what?