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.
Correct Answer:
Verified
Correct Answer:
Verified
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