Perfect substitutes will have
A) straight line indifference curves.
B) reverse L-shaped indifference curves.
C) L-shaped indifference curves.
D) curved indifference curves, bowed in from the origin.
E) curved indifference curve, bowed out from the origin.

Question

Quizplus · Accepted Answer

Perfect substitutes have identical utility for the consumer regardless of the quantity consumed. This means the indifference curves must be straight lines, as the slope remains constant.

Perfect Substitutes Will Have