Why does an indifference curve slope downward and why is it bowed towards the origin? RIYB An indifference curves slopes downward because OA. it shows that when a person gives up some of good x they can afford to increase their consumption of good y OB. it shows that people are only happy when they increase consumption of all goods C. it shows that when a person gives up some of good x they must increase their consumption of good y to remain indifferent OD. it is a demand curve without prices An indifference curve is bowed towards the origin because the more of good x that you consume the OA. less of good y you can afford greater your income must be C. more you are willing to give up of good y to get more of good x and remain indifferent D. less you are willing to give up of good y to get more of good x and remain indifferent

Why does an indifference curve slope downward and why is it bowed towards the origin? RIYB An indifference curves slopes downward because OA. it shows that when a person gives up some of good x they can afford to increase their consumption of good y OB. it shows that people are only happy when they increase consumption of all goods C. it shows that when a person gives up some of good x they must increase their consumption of good y to remain indifferent OD. it is a demand curve without prices An indifference curve is bowed towards the origin because the more of good x that you consume the OA. less of good y you can afford greater your income must be C. more you are willing to give up of good y to get more of good x and remain indifferent D. less you are willing to give up of good y to get more of good x and remain indifferent

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter6: Demand Relationships Among Goods

Section: Chapter Questions

Problem 6.9P

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