An indifference curve
A) must slope downward towards the right.
B) is positively sloped.
C) is upsloping and is concave to the origin.
D) may be upsloping or downsloping, depending on whether the two products are complements or substitutes.
Answer: A
You might also like to view...
By 2015, ________ members of the European Union were using the euro as their currency
A) 12 B) 19 C) 28 D) 57
Economists believe that individuals:
A. have varying tastes for taking on financial risks, but are risk-averse in general. B. have the same tastes for taking on financial risks, and are risk-averse in general. C. have varying tastes for taking on financial risks, but are risk-seekers in general. D. have the same tastes for taking on financial risks, and are risk-seekers in general.
Household wealth refers to
a. human capital. b. the flow assets. c. net worth. d. the flow of income.
Consumer surplus is the area located on the demand and supply graph ________ the equilibrium price point
a. below b. at the same point as c. above d. it is not found on the demand and supply graph