Introduction to Economics 1 Deneme Sınavı Sorusu #752199

I. Indifference curves are everywhere dense. II. Indifference curves are always concave. III. Indifference curves can cross each other. Which of the above statements about ‘indifference curves’ is true?


I

II

III

I and II

II and III


Yanıt Açıklaması:

There are five properties of indifference curves: a) more goods are preferable to fewer goods, b) goods are substitutable, c) indifference curves cannot cross each other, d) indifference curves are everywhere dense, and e) indifference curves are always convex. The correct answer is A.

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