Post Utme Unilag 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Unilag Economics examination.

Post Utme Unilag 2022 Economics Objective / Multiple Choice
Question 11 POST_UTME_UNILAG • 2022 • ECONOMICS • objective

A consumer's indifference curve is downward sloping and convex to the origin. What is the implication of this shape on the consumer's willingness to trade off one good for another?

Answer Options

A. The consumer is willing to trade off one good for another at an increa\sing rate.
Correct Answer B. The consumer is willing to trade off one good for another at a decrea\sing rate.
C. The consumer is indifferent to trading off one good for another.
D. The consumer is unwilling to trade off one good for another.
Correct Answer
B
Correct Option:
The consumer is willing to trade off one good for another at a decrea\sing rate.

About This Question

This is Post Utme Unilag 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Unilag Economics examination.

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