Assume That Good X and Good Y Each Have Diminishing

question 429

Multiple Choice

Assume that good X and good Y each have diminishing marginal utility for a consumer. In this case,

• A) an indifference curve linking the two goods will have a constant slope.
• B) an indifference curve will be convex to the origin.
• C) the demand curves for these goods will be positively sloped.
• D) the demand curves for these goods will be horizontal.

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