Question 36
EasyOriginal questionA higher indifference curve shows
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
With monotonic preferences, more of at least one good and no less of the other is better.
A higher curve has such bundles, so it means more satisfaction.
Worth noting
An indifference curve does not show income; a budget line does.
- Concept
- Higher indifference curves
- Typical timeTypical
- 40 s
- Your timeYours
- —
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