Which of the Following Is Not True of Indifference Curves

question 282

Multiple Choice

Which of the following is not true of indifference curves for ordinary goods?

• A)They never cross.
• B)They slope downward.
• C)They are convex from the origin.
• D)Indifference curves farther away from the origin have lower levels of utility.

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Definitions:

Recognizable Goods

Products that are easily identified by consumers due to their distinct characteristics, branding, or reputation in the marketplace.

Cannibalization

A situation where a company's new product eats into the sales of one of its existing products.

Brand Equity

The value derived from consumer perception of a brand name as opposed to generic or store-branded products.

Product Extension

A marketing strategy in which an existing product is introduced to a new market or modified for a new segment, expanding its reach or functionality.