Why Do Convex Indifference Curve Have a Negative Slope

question 9

Multiple Choice

Why do convex indifference curve 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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