Q. Consider the following statements about indifference curves:1. Indifference curves are convex to the origin.2. Higher indifference curve represents higher level of satisfaction.3. Two indifference curves cut each other.Which of the statements given above is/are correct?

A) 1 and 2

B) 1 only

C) 3 only

D) 2 and 3

✔ Correct Answer: 1 and 2

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