Two key properties of indifference curves are that an indifference curve slopes
A) upward and is bowed out from the origin.
B) downward and is bowed out from the origin.
C) upward and is bowed in toward the origin.
D) downward and is bowed in toward the origin.

Question

Quizplus · Accepted Answer

Indifference curves slope downward because as you consume more of one good, you must consume less of another to maintain the same level of utility. They are bowed in toward the origin due to the diminishing marginal rate of substitution.

Two Key Properties of Indifference Curves Are That an Indifference