An Indifference Curve Plotted for Two Different Goods on the Axes

question 24

Multiple Choice

An indifference curve plotted for two different goods on the axes

• A)shows the different combinations of two goods that the same income can purchase.
• B)shows all combinations of the two goods that give the same level of utility.
• C)changes its slope as the relative prices of the two goods change.
• D)shifts when real income changes.
• E)shows the combinations of the two goods that will just use up a consumer's income.

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