If one were to draw indifference curves representing preferences over two varieties of red apple,it is likely that one would draw them as:
A) almost straight lines.
B) almost "L-shaped."
C) positively sloped.
D) crossing.

Question

Quizplus · Accepted Answer

Indifference curves for preferences over two varieties of the same product, in this case, red apples, are likely to be almost straight lines as the consumer will be indifferent between different units of the same kind of product. The consumer may prefer one variety to the other, but the trade-off between the two varieties will be constant. Therefore, the consumer's preferences will be represented by straight lines parallel to the x-axis.

If One Were to Draw Indifference Curves Representing Preferences Over