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Scenario: Music Downloads and Streamed Movies
Phillip has an income of $300 per month,which he uses to purchase music downloads (MD)and streamed movies (SM).Each music download costs $1 and each streamed movie costs $5.
-For some people,coffee and milk are perfect complements.Their indifference curves are:
A) right angles.
B) straight lines between the x and y axes.
C) straight lines out of the origin.
D) regular downward-sloping indifference curves,but their budget lines are right angles.

Question

Quizplus · Accepted Answer

Perfect complements have right-angle indifference curves because the consumer wants to consume the goods in fixed proportions.

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