Use the figure below to answer the following questions. Figure 9.2.1
-Which of the indifference curves in Figure 9.2.1 illustrates perfect substitutes?
A)(a)
B)(b)
C)(c)
D)(d)
E)(c)and (d)

Question

Use the figure below to answer the following questions.  Figure 9.2.1
-Which of the indifference curves in Figure 9.2.1 illustrates perfect substitutes?
A)(a) 
B)(b) 
C)(c) 
D)(d) 
E)(c)and (d)

Quizplus · Accepted Answer

Indifference curves for perfect substitutes are straight lines because the consumer is willing to substitute one good for another at a constant rate. Curve (b) represents this characteristic.

Use the Figure Below to Answer the Following Questions