Post Utme Madonna University 2023 Commerce Question 8

Practice objective / multiple choice question 8 from the 2023 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2023 Commerce Objective / Multiple Choice
Question 8 POST_UTME_MADONNA_UNIVERSITY • 2023 • COMMERCE • objective

A consumer's indifference curve is a graphical representation of the different combinations of two goods that the consumer is willing to buy at a given price level. Which of the following is NOT a characteristic of an indifference curve?

Answer Options

A. It slopes upward from left to right
B. It is convex to the origin
Correct Answer C. It is a straight line
D. It is downward sloping
Correct Answer
C
Correct Option:
It is a straight line

About This Question

This is Post Utme Madonna University 2023 Commerce Question 8. It is one of the objective questions from the 2023 Post Utme Madonna University Commerce examination.

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