English

An indifference curve always ______.

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Question

An indifference curve always ______.

Options

  • Slopes downwards from left to right

  • Slopes upwards from left to right

  • Is parallel to the Y-axis

  • Is parallel to the X-axis

MCQ
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Solution

An indifference curve always slopes downwards from left to right.

Explanation:

To maintain equal satisfaction, more of one good must be accompanied by less of the other. Therefore, a regular indifference curve slopes downwards from left to right.

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Chapter 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [Page 2.48]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 21. | Page 2.48
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