Which one of the following is NOT a basic property of the Indifference Curve?

Correct option is C

· Property of Non-Intersection: Indifference curves never intersect because each curve represents a different level of utility, which would contradict the principle of transitivity.
· (a) is true: Indifference curves slope downward because to maintain the same utility, more of one good requires less of another.
· (b) is true: Convexity to the origin reflects diminishing marginal rate of substitution.
· (d) is true: Higher curves represent greater satisfaction due to more consumption of goods.
Information Booster: The indifference curve represents combinations of two goods providing the same utility. Properties include:
1. Downward slope.
2. Convexity to the origin.
3. Higher curves = more satisfaction.
4. Non-intersecting nature.
Additional Knowledge: Intersection or tangency between curves would imply inconsistent consumer preferences, violating the transitivity assumption.