Post Utme Madonna University 2017 Economics Question 28

Practice objective / multiple choice question 28 from the 2017 Post Utme Madonna University Economics examination.

Post Utme Madonna University 2017 Economics Objective / Multiple Choice
Question 28 POST_UTME_MADONNA_UNIVERSITY • 2017 • ECONOMICS • objective

A consumer's indifference curve is downward sloping. 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's preferences are not well-defined.
Correct Answer
C
Correct Option:
The consumer is indifferent between good X and good Y.

About This Question

This is Post Utme Madonna University 2017 Economics Question 28. It is one of the objective questions from the 2017 Post Utme Madonna University Economics examination.

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