What is a characteristic of an indifference curve?
A.
It will remain concave to the origin of the diagram.
B.
It will remain convex to the origin of the diagram.
C.
It can intersect other indifference curves at any point.
D.
The lower the indifference curve, the greater the satisfaction attainable.
Exam No：9708_w24_qp_31 Year：2024 Question No：2
Answer:
B
Knowledge points:
7.2.1 meaning of an indifference curve and a budget line
7.2.4 limitations of the model of indifference curves
Solution:
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