Which of the following statements is not true with regard to the standard properties of indifference curves ?
2
uppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis and if the price of a pizza is Rs10 and the price of a sandwich is Rs5, then the slope of the budget constraint is ?
3
indifference curves for perfect substitutes are ?
These are just sample questions. The actual quiz contains 15 questions.
