Multiple Choice
Which of the following is correct?
A) Budget lines are linear and upsloping; indifference curves are downsloping and concave to the origin.
B) Budget lines are linear and downsloping; indifference curves are downsloping and concave to the origin.
C) Budget lines are linear and downsloping; indifference curves are downsloping and convex to the origin.
D) Budget lines are downsloping and convex to the origin; indifference curves are linear and downsloping.
Correct Answer:
Verified
Correct Answer:
Verified
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