If there are only two goods if more of good 1 is always


If there are only two goods, if more of good 1 is always preferred to less, and if less of good 2 is always preferred to more, then:

(a) indi erence curves slope downwards.

(b) indi erence curves slope upwards.

(c) indi erence curves may cross.

(d) indi erence curves could take the form of ellipses.

(e) None of the above.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: If there are only two goods if more of good 1 is always
Reference No:- TGS01475880

Expected delivery within 24 Hours