If indifference curves are upward sloping, this violates the assumption that preferences
A) are complete
B) are transitive.
C) violates the assumption that more is better
D) Upward sloping indifference curves do not violate any of the assumptions about preferences.

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that give the same level of satisfaction to the consumer. If they are upward sloping, it means that the consumer is willing to trade-off some of one good to get more of the other good, which violates the assumption that "more is better". In other words, a rational consumer would always prefer more of each good, all else being equal. Therefore, upward sloping indifference curves violate this assumption.

If Indifference Curves Are Upward Sloping, This Violates the Assumption