Question

Explain the following condition:
Shift from a lower to a higher indifference curve.

Answer 1

Shift from a lower to a higher indifference curve: As we shift from a lower to a higher indifference curve, the level of satisfaction derived by the consumer increases. In the given figure, as the consumer moves farther away from IC₁ to higher indifference curves the level of satisfaction derived by the consumer increases. IC₆ depicts the highest level of satisfaction. On the other hand, IC₁ depicts the lowest level of satisfaction. 
Higher IC denotes a higher level of satisfaction and lower IC denotes a lower level of satisfaction.