Indifference curves
A) are vertical.
B) are horizontal.
C) slope upward.
D) slope downward.

Name: Indifference curves A) are vertical. B) are horizontal. C) slope upward. D) slope downward.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of two goods that provide the same level of satisfaction to the consumer. Since consumers prefer more of both goods, indifference curves must slope downward. Therefore, the correct answer is D.

Indifference Curves