Post Utme Noun 2021 Economics Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Noun Economics examination.

Post Utme Noun 2021 Economics Objective / Multiple Choice
Question 11 POST_UTME_NOUN • 2021 • 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.
Correct Answer B. The consumer prefers more of good Y to good X.
C. The consumer is indifferent between good X and good Y.
D. The consumer prefers a bundle with more of both goods X and Y.
Correct Answer
B
Correct Option:
The consumer prefers more of good Y to good X.

About This Question

This is Post Utme Noun 2021 Economics Question 11. It is one of the objective questions from the 2021 Post Utme Noun Economics examination.

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