A consumer
A)is equally satisfied with any indifference curve.
B)prefers indifference curves with positive slopes.
C)prefers higher indifference curves to lower indifference curves.
D)prefers indifference curves that are straight lines to indifference curves that are right angles.

Question

Quizplus · Accepted Answer

Consumers prefer higher indifference curves because they represent greater levels of satisfaction or utility. Indifference curves with positive slopes indicate that the consumer is willing to give up some of one good in order to obtain more of another, indicating a preference for variety or diversity. There is no preference for straight lines over right angles as both can represent different combinations of goods that yield the same level of utility.

A Consumer