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Why is an Indifference Curve Negatively Sloped? Explain. - Economics

Why is an indifference curve negatively sloped? Explain.

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Solution

The downward slope of the indifference curve to the right implies that a consumer cannot simultaneously have more of both the goods. An increase in the quantity of one good is associated with the decrease in the quantity of the other good. This is in accordance with the assumption of monotonic preferences.

Concept: Indifference Curve
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