An Indifference Curve Slopes Downward Because

question 85

Multiple Choice

An indifference curve slopes downward because

• A)it shows that people are only happy when they increase consumption of all goods.
• B)it shows that when a person gives up some of good X they must increase their consumption of good Y to remain indifferent.
• C)it shows that when a person gives up some of good X they can afford to increase their consumption of good Y.
• D)it is a demand curve without prices.
• E)the quantity demanded increases as the price falls.

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Definitions:

Multiply

The arithmetic operation of scaling one number by another, essentially repeated addition.

Multiply

The arithmetic process of calculating the result of adding a number to itself a certain number of times.

Simplify

To simplify means to reduce an expression or equation to its simplest form, by combining like terms, reducing fractions, etc.

Combine

The process of uniting two or more expressions into a single expression using mathematical operations.