Submitted by examrobotsa on Thu, 01/01/1970 - 05:30 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?1 only1 and 22 and 33 onlyquestion_subject: Sciencequestion_exam: CDS-Istats: 0,13,12,4,13,5,3keywords: {'indifference curves': [0, 0, 0, 1], 'higher indifference curve': [0, 0, 0, 1], 'satisfaction': [0, 0, 0, 3]}