From the modern "ordinalist" perspective,when we change the scale used to measure utility,
A) The consumer's indifference curves remain unchanged
B) The consumer's indifference curves will shift in the same direction as the change in the scale used to measure utility
C) The consumer's indifference curves will shift in the opposite direction as the change in the scale used to measure utility
D) Consumers will "move along" their indifference curves

Question

Quizplus · Accepted Answer

Indifference curves represent combinations of goods that provide the same level of satisfaction to the consumer, regardless of the scale used to measure utility. Changing the scale does not affect the consumer's preferences or the relative satisfaction between different bundles of goods, hence the indifference curves remain unchanged.

From the Modern "Ordinalist" Perspective,when We Change the Scale Used