Except for perfect complements and perfect substitutes, an indifference curve has a _______ slope and becomes _______ moving to the right.
A) negative; steeper
B) positive; flatter
C) positive; steeper
D) negative; flatter

Question

Quizplus · Accepted Answer

Indifference curves typically have a negative slope because as you consume more of one good, you must consume less of another to maintain the same level of utility. They become flatter as you move to the right, indicating diminishing marginal rates of substitution.

Except for Perfect Complements and Perfect Substitutes, an Indifference Curve