Question 43
MediumOriginal questionAn indifference curve slopes downward because
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
With monotonic preferences, more of good 1 alone would raise satisfaction.
To stay on the same curve, the consumer must give up some of good 2: a downward slope.
- Concept
- Downward slope of an indifference curve
- Typical timeTypical
- 70 s
- Your timeYours
- —
Practise this chapter →
Ten questions from Budget Line & Optimal Choice, at your own pace.