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Title: Why do convex indifference curve have a negative slope? Post by: rsbains on Oct 9, 2019 Why do convex indifference curve have a negative slope? ▸ because consumers face a budget constraint ▸ because scarcity implies that it is not possible to consume more of one good without giving up some of the other ▸ because to keep utility constant, a consumer must get more of one good if she is to give up some of the other ▸ because consumers take market prices as given Title: Why do convex indifference curve have a negative slope? Post by: jeromet1 on Oct 9, 2019 Content hidden
Title: Why do convex indifference curve have a negative slope? Post by: rsbains on Oct 9, 2019 This site is awesome!
Title: Why do convex indifference curve have a negative slope? Post by: jeromet1 on Oct 9, 2019 :) Good luck on the rest
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