Asked by
Karan Singla
on Nov 04, 2024
Verified
Indifference curves have positive slopes.
Positive Slopes
Characteristics of a line or curve on a graph indicating that values of the variable on the y-axis increase as the values of the variable on the x-axis increase.
- Understand the assumptions behind consumer preference and rationality in economic models.
Verified Answer
LS
Learning Objectives
- Understand the assumptions behind consumer preference and rationality in economic models.