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rsbains rsbains
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Posts: 329
A week ago

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

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jeromet1jeromet1
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Posts: 312
A week ago
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because to keep utility constant, a consumer must get more of one good if she is to give up some of the other

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