If two goods are perfect substitutes,then the indifference curves for those two goods would be
A) upward sloping and concave to the origin.
B) downward sloping and convex to the origin.
C) downward sloping and straight.
D) L-shaped.

Question

Quizplus · Accepted Answer

When two goods are perfect substitutes, the consumer is indifferent between any combination of the two goods as long as the total amount remains the same. Therefore, the indifference curves would be straight lines and downward-sloping because as the consumer consumes more of one good, the consumer will consume less of the other good.

If Two Goods Are Perfect Substitutes,then the Indifference Curves for Those