A set of indifference curves that are only slightly bowed inward represent goods that could best be described as
A)perfect substitutes.
B)perfect complements.
C)very close substitutes.
D)very close complements.

Question

Quizplus · Accepted Answer

The slight inward bow of the indifference curves indicates that the goods are very close substitutes, meaning that the consumer is relatively indifferent between them and can easily switch between them without experiencing a significant change in utility.

A Set of Indifference Curves That Are Only Slightly Bowed