Question 16 of 41
Q.The indifference curves are :
(a) negatively sloped
(b) vertical
(c) horizontal
(d) positively sloped
Tamil Nadu DgeTamil Nadu HSC First Year (DGE) Commerce Board 2020MCQ· 1mImportance★★★★★
39% · 16/41 Questions
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Start your 14-day free trial to unlock the full solution →Indifference curves are (a) negatively sloped (downward sloping from left to right).
An indifference curve is the locus of points showing different combinations of two commodities that yield the same level of satisfaction to the consumer. Since the consumer is equally satisfied at every point on the curve, obtaining more of one good must be balanced by giving up some quantity of the other good. This inverse relationship makes the curve slope downward from left to right, i.e. it is negatively sloped.
Why the others are wrong: …
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