Consider a consumer who consumes two goods: 9₁ = quantity of pizza 92 = quantity of pepperoni The consumer prefers more pizza to less, but is indifferent between how much pepperoni consumed. What will be the shape of the consumer's ICs?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Consider a consumer who consumes two goods:
9₁ = quantity of pizza
q2 = quantity of pepperoni
The consumer prefers more pizza to less, but is indifferent between how much
pepperoni consumed. What will be the shape of the consumer's ICs?
vertical
upward sloping
flat
downward sloping
Transcribed Image Text:Consider a consumer who consumes two goods: 9₁ = quantity of pizza q2 = quantity of pepperoni The consumer prefers more pizza to less, but is indifferent between how much pepperoni consumed. What will be the shape of the consumer's ICs? vertical upward sloping flat downward sloping
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