Solved

Convexity of the Indifference Curve Follows from

Question 62

Multiple Choice

Convexity of the indifference curve follows from


A) the fact that income plays a significant role in consumption and leisure decisions.
B) the fact that more is preferred to less.
C) the fact that consumers are indifferent to consumption and leisure goods.
D) the fact that consumers prefer diversity.
E) the fact that consumption and leisure are normal goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions