Why Do Convex Indifference Curves Have a Negative Slope

question 185

Multiple Choice

Why do convex indifference curves have a negative slope?

• A)Because consumers take market prices as given
• B)Because consumers face a budget constraint
• C)Because to keep utility constant, a consumer must get more of one good if she is to give up some of the other
• D)Because scarcity implies that it is not possible to consume more of one good without giving up some of the other

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