Indifference Curves Have a Negative Slope When

question 22

Multiple Choice

Indifference curves have a negative slope when

• A) the consumer likes good X but dislikes good Y.
• B) the consumer likes good Y but dislikes good X .
• C) the consumer likes both good X and good Y .
• D) the consumer dislikes both goods.

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Definitions:

Bird

A warm-blooded vertebrate of the class Aves, characterized by feathers, beaks, the laying of hard-shelled eggs, and (in most cases) the ability to fly.

Identify

To establish or indicate who or what (someone or something) is.

Folk Theories

Informal, intuitive, and often culturally specific beliefs or explanations about the world and how it works, not necessarily based on scientific evidence.

Ambiguous Sentences

Phrases or expressions that can be interpreted in more than one way due to vague or multiple meanings of words or structure.