An indifference curve
A)may be either upsloping or downsloping, depending on whether the two products are complements or substitutes.
B)is downsloping and convex to the origin.
C)is upsloping and has a constant slope.
D)is downsloping and concave to the origin.

Question

Quizplus · Accepted Answer

Indifference curves are downsloping, reflecting the trade-off between two goods, and convex to the origin, indicating diminishing marginal rates of substitution.

An Indifference Curve