The fact that indifference curves are downward sloping
A) is not true.
B) follows from the fact that more is preferred to less.
C) follows from the property that the consumer likes diversity in his or her consumption bundle.
D) follows from the property that consumption and leisure are normal goods.

Question

Quizplus · Accepted Answer

The downward sloping nature of indifference curves follows from the assumption that more is preferred to less. This implies that as the quantity of one good consumed increases (moving along the curve), the quantity of the other good that the consumer is willing to forgo decreases, keeping the level of utility constant.

The Fact That Indifference Curves Are Downward Sloping