Use the figure below to answer the following question. Figure 9.2.5
-Refer to Figure 9.2.5.The graphs show indifference curves for various goods.Graph ________ best describes the pair of goods baseballs and baseball bats.Graph ________ best describes the pair of goods desktop computers and laptop computers.
A)2;3
B)2;1
C)1;1
D)1;3
E)3;2

Question

Use the figure below to answer the following question.  Figure 9.2.5
-Refer to Figure 9.2.5.The graphs show indifference curves for various goods.Graph ________ best describes the pair of goods baseballs and baseball bats.Graph ________ best describes the pair of goods desktop computers and laptop computers.
A)2;3 
B)2;1 
C)1;1 
D)1;3 
E)3;2

Quizplus · Accepted Answer

Graph 2 best describes baseballs and baseball bats as they have perfect substitutes, meaning consumers are indifferent between the two goods and are willing to switch between them at a constant rate. Graph 3 best describes desktop computers and laptop computers as they have different qualities and are not perfect substitutes, meaning consumers may have different preferences and are not willing to switch between the two goods at a constant rate. Graph 1 does not accurately describe either pair of goods.

Use the Figure Below to Answer the Following Question