Except for perfect substitutes or perfect complements, indifference curves
A) are straight lines with a positive slope.
B) slope upward to the right.
C) are bowed in toward the origin.
D) are bowed out away from the origin.

Question

Quizplus · Accepted Answer

Indifference curves are generally bowed in toward the origin, showing diminishing marginal rate of substitution. This means that as you move down the curve, the amount of one good that you are willing to give up to gain a little more of the other good decreases. This results in a curve that is bowed in toward the origin, rather than a straight line or a curve that is bowed out away from the origin.

Except for Perfect Substitutes or Perfect Complements, Indifference Curves