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

Question

Quizplus · Accepted Answer

Indifference curves are based on the assumption that consumers prefer more of a good to less, implying that they should slope downward. An upward-sloping indifference curve would suggest that a consumer values a combination of less of one good and more of another equally to a combination of more of the first good and less of the second, which contradicts the assumption that more is better.

If Indifference Curves Are Upward Sloping, This Violates the Assumption