For goods and services that are perfect substitutes, the consumer's indifference curves are ________ lines.
A) straight, negatively sloped
B) L-shaped
C) negatively sloped, bowed-outward
D) negatively sloped, bowed-inward

Question

Quizplus · Accepted Answer

Indifference curves for perfect substitutes would be straight lines because the consumer is indifferent between consuming either good or service and would be willing to swap them out at a constant rate.

For Goods and Services That Are Perfect Substitutes, the Consumer's