Post Utme Afe Babalola University 2020 Economics Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Afe Babalola University Economics examination.

Post Utme Afe Babalola University 2020 Economics Objective / Multiple Choice
Question 27 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What does this imply about the consumer's preferences?

Answer Options

A. The consumer prefers more of good X to good Y.
B. The consumer prefers more of good Y to good X.
Correct Answer C. The consumer is indifferent between good X and good Y.
D. The consumer prefers less of good X to good Y.
Correct Answer
C
Correct Option:
The consumer is indifferent between good X and good Y.

About This Question

This is Post Utme Afe Babalola University 2020 Economics Question 27. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Economics examination.

View More Post Utme Afe Babalola University 2020 Economics Questions More Post Utme Afe Babalola University Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support