WHY TWO INDIFFERENCE CURVES CANNOT INTERSECT EACH OTHER?
IN THIS VIDEO I HAVE EXPLAINED WITH A DIAGRAM WHY TWO INDIFFERENCE CURVES CANNOT INTERSECT EACH OTHER. TWO INTERSECTING ICs ARE DRAWN AND THEN IT IS PROVED THAT ANALYSIS OF DIFFERENT POINTS ON THE TWO CURVES LEAD US TO CONCLUSION CONTRADICTORY TO A BASIC PRINCIPLE OF IC TECHNIQUE WHICH IS RATIONAL HUMAN BEHAVIOUR. HENCE IT IS CONCLUDED THAT TWO ICs CANNOT INTERSECT EACH OTHER.