Any point below a given indifference curve is
A) inferior to any point on the indifference curve.
B) preferred to any point on the indifference curve.
C) definitely affordable.
D) definitely unaffordable.
E) More information is needed to determine if the point is or is not affordable and if the point is or is not preferred.

Question

Quizplus · Accepted Answer

Points below an indifference curve represent bundles of goods that provide less utility to the consumer than the bundles on the curve, making them inferior in terms of preference.

Any Point Below a Given Indifference Curve Is