What Is The Slope Of An Indifference Curve Reveals?
An indifference curve is plotted to show bundles of different goods on the same graph and determining the point where the consumer will be indifferent in choosing between the two bundles. The indifference curve is always constructed in the positive, positive quadrant while plotting. The curve is always downward sloping which shows a negative relationship. This means that as the consumption of one bundle increases that of the other decreases. It also shows that the consumers have different preferences for goods; they might prefer one bundle over the other one.
