The Shape of the Indifference Curve Depends on

question 19

Multiple Choice

The shape of the indifference curve depends on

• A) the price of goods.
• B) the family income.
• C) the substitutability between goods for the household.
• D) the level of happiness for the household.
• E) the relative price of good Y.

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Definitions:

Remember

The cognitive process of recalling information, experiences, or people from one's past.

Social Pressure

The influence exerted by society on individuals to conform to expected norms and behaviors.

Memory

The faculty by which the mind stores and remembers information.

Hearsay

Evidence that is heard by one person and then repeated to another.