Post Utme Redeemers University 2025 Economics Question 38

Practice objective / multiple choice question 38 from the 2025 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2025 Economics Objective / Multiple Choice

Question 38 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • 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 both goods.

Correct Answer B. The consumer prefers less of both goods.

C. The consumer is indifferent between the two goods.

D. The consumer prefers one good over the other.

Correct Answer

Correct Option:

The consumer prefers less of both goods.

About This Question

This is Post Utme Redeemers University 2025 Economics Question 38. It is one of the objective questions from the 2025 Post Utme Redeemers University Economics examination.

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