Indifference curves for ________ are drawn as straight lines,while indifference curves for ________ are drawn as right angles.
A) perfect substitutes; perfect complements
B) perfect complements; perfect substitutes
C) economic "goods"; economic "bads"
D) economic "bads"; economic "goods"
E) imperfect substitutes; imperfect complements

Question

Quizplus · Accepted Answer

Indifference curves for perfect substitutes are drawn as straight lines because the consumer is willing to substitute one good for another at a constant rate. On the other hand, indifference curves for perfect complements are drawn as right angles because the consumer only values the goods in fixed proportions, and cannot substitute one for the other.

Indifference Curves for ________ Are Drawn as Straight Lines,while Indifference