Indifference curves tend to be convex because ________.
A)they are bowed inwards toward the origin
B)consumers dislike large fluctuations in consumption from one period to the next
C)of the gap between real and nominal interest rates
D)the marginal rate of substitution exceeds the price effect

Question

Quizplus · Accepted Answer

The Answer of Indifference curves tend to be convex because ________.
A)they are bowed inwards toward the origin
B)consumers dislike large fluctuations in consumption from one period to the next
C)of the gap between real and nominal interest rates
D)the marginal rate of substitution exceeds the price effect

Indifference Curves Tend to Be Convex Because ________