Which of the following is NOT a characteristic of a typical indifference curve?
A)The curve shows all combinations of goods that give the consumer the same level of utility.
B)As a consumer has less of a good,he is less willing to exchange less of it for one more unit of another good.
C)The marginal rate of substitution is measured by the slope of the tangent to the curve.
D)The curve will shift out if income increases.

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that provide the same level of satisfaction to a consumer, and they do not shift due to changes in income. Changes in income can lead to a movement to a different indifference curve, not a shift of the existing curve.

Which of the Following Is NOT a Characteristic of a Typical