Post Utme Unn 2019 Economics Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Unn Economics examination.

Post Utme Unn 2019 Economics Objective / Multiple Choice
Question 32 POST_UTME_UNN • 2019 • ECONOMICS • objective

A consumer's indifference curve is a graphical representation of the various combinations of two goods that provide the consumer with the same level of satisfaction. Which of the following statements is true regarding the shape of an indifference curve?

Answer Options

A. The curve is a straight line
B. The curve is a downward-sloping concave curve
Correct Answer C. The curve is a downward-sloping convex curve
D. The curve is a horizontal straight line
Correct Answer
C
Correct Option:
The curve is a downward-sloping convex curve

About This Question

This is Post Utme Unn 2019 Economics Question 32. It is one of the objective questions from the 2019 Post Utme Unn Economics examination.

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