He has got order regarding choices, particularly, X, Y and you will Z merchandise. He ranking manageable of choices particularly X > Y > Z. It means there’s feel and transitivity inside tastes.
While we discussed, the brand new indifference contour offers same quantity of pleasure with various things or combinations from several commodities. A great, B, C, D and you will E combos, from inside the Drawing step step 1 obviously suggests and you can clarifies so it attribute out of an enthusiastic indifference curve.
The other characteristic of indifference curve is that higher the indifference curve higher will be the level of satisfaction. It has been shown in Diagram dos where IC, IC1, IC2 and IC3 four indifference curves show different levels of satisfaction. From the point of level of satisfaction they can be put in this order of preference like IC3 > IC2 > IC1 > IC respectively.
Apathy curves mountain downwards on the right just like the consumer has to slow down the use of one to item (Y) if the the guy increases the usage of commodity X. In order to maintain the same number of fulfillment they have to boost the intake of product X towards the reduced amount of the intake of product Y. It may be viewed on the Drawing 3.
Apathy curve often none become horizontal to OX-axis, neither getting straight in order to OY-axis and it will surely not up slanting because the revealed in the the latest Drawing cuatro.
The Diagram 4(A) shows that the slope of IC is horizontal where he has OY1 of Y commodity only and consumption of X commodity is increasing with given money income. It does not give the same level of satisfaction.
This new Drawing cuatro(B) suggests that the consumer is actually growing consumption of Y and you may repaired use of X product however, it combination plus perhaps not render your same level of fulfillment for the given income.
And this, we could say that exact same amount of fulfillment can be done simply when an indifference bend hills downwards off to the right.