Figure 21-14
-Refer to Figure 21-14. Which of the graphs shown represent indifference curves for perfect substitutes?
A)graph a
B)graph b
C)graph c
D)All of the above are correct.

Question

Figure 21-14   
-Refer to Figure 21-14. Which of the graphs shown represent indifference curves for perfect substitutes?
A)graph a 
B)graph b 
C)graph c 
D)All of the above are correct.

Quizplus · Accepted Answer

Graph A shows straight-line indifference curves, indicating that the goods are perfect substitutes for each other. Graphs B and C show curved indifference curves, indicating that the goods are not perfect substitutes. Therefore, the correct answer is A, graph A represents indifference curves for perfect substitutes.