Figure 21-5

-Refer to Figure 21-5.Which of the graphs shown represent indifference curves for perfect substitutes?
A)graph (a)
B)graph (b)
C)graph (c)
D)None of the above is correct.

Question

Figure 21-5
 
-Refer to Figure 21-5.Which of the graphs shown represent indifference curves for perfect substitutes?
A)graph (a) 
B)graph (b) 
C)graph (c) 
D)None of the above is correct.

Quizplus · Accepted Answer

Indifference curves for perfect substitutes are straight lines, as shown in graph (a). This is because the consumer is willing to substitute one good for another at a constant rate.

Figure 21-5 -Refer to Figure 21-5.Which of the Graphs Shown Represent Indifference