Which of the following is true?
A)The higher the indifference curve,the lower the consumer's welfare.
B)The higher the indifference curve,the higher the consumer's welfare.
C)The height of the indifference curve has no relationship to consumer welfare.
D)The higher the indifference curve,the more money the individual has.

Question

Quizplus · Accepted Answer

Indifference curves represent the different combinations of two goods that give the same level of utility or satisfaction to a consumer. The higher the indifference curve, the higher the level of utility or satisfaction for the consumer. Therefore, option B is correct. Options A, C, and D are incorrect because they do not accurately reflect the relationship between the height of the indifference curve and consumer welfare.

Which of the Following Is True