Post Utme Caleb University 2018 Economics Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Caleb University Economics examination.

Post Utme Caleb University 2018 Economics Objective / Multiple Choice
Question 11 POST_UTME_CALEB_UNIVERSITY • 2018 • ECONOMICS • objective

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

Answer Options

A. The consumer is risk-averse.
B. The consumer is risk-neutral.
Correct Answer C. The consumer prefers more of good X to less of good X.
D. The consumer prefers more of good Y to less of good Y.
Correct Answer
C
Correct Option:
The consumer prefers more of good X to less of good X.

About This Question

This is Post Utme Caleb University 2018 Economics Question 11. It is one of the objective questions from the 2018 Post Utme Caleb University Economics examination.

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