What are the two exceptions to convex indifference curves?
A) imperfect substitutes and imperfect compliments
B) perfect substitutes and perfect complements
C) imperfect substitutes and perfect complements
D) perfect substitutes and imperfect complements
E) There are no exceptions to convex indifference curves.

Question

Quizplus · Accepted Answer

Perfect substitutes have linear indifference curves, and perfect complements have L-shaped indifference curves, both of which are exceptions to the typical convex shape.

What Are the Two Exceptions to Convex Indifference Curves